Early release from super a relief, but comes with risks
The government is allowing the early release of superannuation and a temporary reduction in minimum pension drawdown rates to help individuals deal with the adverse
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Access to early release of superannuation
If you have been financially affected by COVID-19 you can access up to $10,000 of your superannuation in 2019–20 and a further $10,000 in 2020–21.
The Stimulus Package Summary – passed by the senate
The legislation for the stimulus has passed through the Senate overnight. The following is a summary of the economic stimulus support packages available and includes:1. Support
Who is a ‘related party’ in a SMSF?
Self-managed super funds (SMSFs) have a number of investment restrictions which apply to transactions conducted within the fund.One such restriction applies to transactions involving ‘related
Succession planning for your SMSF
Managing a self-managed super fund (SMSF) in the event a trustee passes can be a difficult and complicated process.While succession planning may not be one
Pension income streams within an SMSF
An income stream from your self-managed super fund ensures regular, flexible and tax-effective income as a pensioner. These streams can be received as a series of
High-risk SMSF areas being monitored by the ATO
Self-managed super funds are closely monitored by the ATO to ensure regulations are being met across all areas. It is the responsibility of SMSF trustees to
Avoid these SMSF trustee mistakes
Trustees who overlook important details or are reported to the ATO, risk incurring financial, civil or criminal penalties.The role of the trustee should not be
A guide to binding death benefit nominations
You must make a binding death benefit nomination if you want control and certainty over who will inherit your superannuation assets after you pass away.Contrary
Millennials and their control over supers
In the last decade, millennials’ share of superannuation fund balances have more than doubled to 14.6 per cent, according to Roy Morgan data. This means that millennials have the
Pitcher Partner Insights
