Super Blog
1 July 2023 Brings Changes To Reporting For SMSFs
SuperThis month, the Transfer Balance Accounting Reporting (TBAR) regime has undergone changes that may significantly impact the timing that SMSFs report certain events.
From 1 July 2023, all SMSFs required to report transfer balance account events…
Bankruptcy, Superannuation & What Comes Next
SuperHave you ever wondered what happens to superannuation when someone claims bankruptcy?
Bankruptcy is a legal process that can be commenced when you are declared unable to pay your debts. It is a process that can release you from most debts, provide…
Unpaid Super Is The Worst Form Of Wage Theft – Have You Checked?
SuperDo you trust that your employer is paying you the right amount of superannuation just because it says so on your payslip?
Every year, thousands of employers fail to pay their staff the correct amount of superannuation, costing those workers…
Are You In A Position To Boost Your Spouse’s Super?
SuperDepending on your relationship, you may have discussed with your partner the prospect of marriage. Or you might be more comfortable remaining in a long-term de facto relationship (especially since many de facto relationships have similar rights…
The Average Super For Women Is ⅓ Of A Man’s – How Do We Bridge The Gap?
SuperThe superannuation gender gap has been a subject of serious concern for at least half of Australia’s population.
Women are more likely to have significantly less money saved for their retirement, less assets and far less super than men, putting…
Contributions To Your SMSF Need To Be Made By 30 June – Know What Counts?
SuperSince superannuation contributions come in several forms, SMSF members would be wise to understand what contributions are available and how they might impact them regarding the contribution limits.
The ATO considers a ‘contribution’ as anything…
Are You Ready To Retire?
SuperThinking about your grand retirement plan of setting about the country as a grey nomad? Want to be able to spoil your family after you finish working? Or are you simply wishing to ensure that you’re financially set to live out the rest of…
Superannuation Contributions & My Return: What Can I Claim?
Super In some circumstances, superannuation contributions can be claimed on your tax return if made to a super fund or retirement savings account. However, these circumstances are limited and may require professional advice to maximise the benefits.
Superannuation…
Superannuation Contributions & My Return: What Can I Claim?
Superannuation Tips For The Self-Employed
SuperFor self-employed individuals, superannuation may become a neglected aspect of your payroll to yourself. It is not a requirement for self-employed individuals to pay themselves it (though it is strongly recommended).
To prevent losing out on…
Calls For Super To Be Paid With Payroll
SuperThere’s been a lot of buzz around superannuation since the 2023-24 Federal Budget was announced. One such buzz involves the concept of ‘payday super’.
Payday super has been introduced by the government to avoid the discrepancies that those…
What’s In The Works For Superannuation?
SuperSuperannuation was not a source of significant surprises in this year’s Federal Budget, as many of the changes announced had already been previously discussed. However, these changes are still important to consider when planning your superannuation…
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