The Federal government has announced there will be an increase in the standard concessional and non-concessional contribution caps. The changes to concessional caps were expected alongside stage three tax cuts applying from 1 July 2024. This will mean that some members self-managed superannuation funds (SMSF) may have additional disposable income to contribute more to super.

Family trusts and SMSFs each carry their own benefits and disadvantages in providing a way to transfer and manage your family wealth. By weighing up the points of difference, you can choose the most appropriate option for you, or in fact whether both entities may assist in achieving your financial goals. Tax benefits of SMSF

Reducing your hours at work may be appealing but how do you maintain your income to make the most of more time away from work? The good news is that it is possible to access your superannuation as part of a transition to retirement plan. But there are rules that affect when and how much

Is an SMSF right for you? With over 1.1 million Australians choosing to manage their own Self-Managed Super Fund, it has become a popular option for those wanting more control over their retirement savings. The latest statistics from March 2023, released by the Australian Taxation Office (ATO), shows that there are 606,217 SMSFs made up

When establishing a self-managed superannuation fund (SMSF), one central decision to be made early on is if the trustee structure is to consist of individual trustees or a corporate trustee. Between these choices, you can generally have up to six individual trustees, or one company that acts as trustee (with that incorporated body generally having

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 to what you may think, your will does not automatically control the payment of your death benefits. If you do not make a binding death benefit nomination your super