Categories
Archive for category: Superannuation
Latest News
Important Changes Affecting Your SMSF
The delivery of advice for SMSF changed on 1 July 2016 when specific amendments to the FOFA (Future of Financial Advice) legislation came into effect.
... read moreATO Finds $850 Million In Superannuation Guarantee Audit
Small Business is hard enough without the temptation of having a weak government system chase a key employee obligation.
... read more
New SMSF Event-Based Reporting Requirements
A new reporting regime for Self-Managed Superannuation Funds (SMSFs) commenced on 1 July 2018. It’s crucial that SMSF members understand the impact of this new reporting framework and get it right.
... read moreSuperannuation Requirements For Temporary Residents
Most people are unaware that temporary residents working in Australia are eligible for super guarantee (SG). It is vital that all businesses who employ temporary residents are aware of the relevant super requirements.
... read moreEvery Three Year SMSF Audits – A Ludicrous About Face
SMSF Auditors now must: be registered with ASIC; be registered with the ATO; have enormous amounts of regular professional updates; and also be audited by their peak professional bodies, such as the Chartered Accountants ANZ and CPA Australia.
... read moreSuperannuation Guarantee Amnesty Proposal
A chance to catch up! If legislated, the Amnesty will provide a once-off opportunity for employers to disclose super guarantee (SG) shortfalls which occurred between 1 July 1992 and 31 March 2018 without penalty.
... read moreWhen Can You Take Your Super?
The cash sitting in your superannuation fund can be tempting, particularly if you are short of cash. But, the reality is there are very few ways you can take advantage of your superannuation once it has been contributed to the fund – even if you change your mind.
... read moreHow To Help Ensure Your Superannuation Contributions Don't Exceed The Caps
Changes in the superannuation contribution caps, which kicked-in last year, give an added reason to keep a close eye on your contributions.
... read more