We've got some exciting news to share with you today. The National Australia Bank (NAB) has just unveiled some significant changes to their home loan products, and we're here to break it all down for you. 1. Updates to [...]
The Reserve Bank of Australia (RBA), under the leadership of Governor Philip Lowe, has been at the centre of much discussion and scrutiny in recent months. In light of recent news, it's essential to explore how Lowe's actions and [...]
The self-managed super fund (SMSF) is a popular choice for those who seek greater control over their retirement savings. However, with increased control comes increased responsibility. As a trustee of an SMSF, it is crucial to understand and fulfill [...]
Self-Managed Super Funds (SMSFs) are a popular choice for Australians who want greater control over their retirement savings. However, one question that often arises is whether an SMSF needs to have a unique name. The short answer is yes, [...]
Divorce or separation can have significant implications for self-managed superannuation funds (SMSFs) in Australia. SMSFs are a type of superannuation fund where the members also act as trustees responsible for managing the fund's investments and complying with superannuation laws. [...]
Self-managed super funds (SMSFs) are a popular choice for Australians who want greater control over their retirement savings. SMSFs provide members with the opportunity to choose their own investments, and to tailor their investment strategies to suit their individual [...]
As a trustee of a Self-Managed Superannuation Fund (SMSF), it is essential to ensure that you comply with all regulatory requirements set out by the Australian Taxation Office (ATO). One such requirement is the Sole Purpose Test, which is an [...]
The death of a member of a self-managed superannuation fund (SMSF) is a difficult time that involves complex processes and procedures. The most significant impact of death on an SMSF is the payment of death benefits. The process of distributing [...]
A self-managed super fund (SMSF) offers a lot of freedom and control, but it also comes with significant responsibilities. In this article, we explore the costs and responsibilities of managing an SMSF, including the need for a sound investment strategy, [...]
The ATO has listed the top five most frequent errors in SMSF Annual Returns. Understanding and avoiding these mistakes can help ensure a successful and compliant SMSF. These include using a non-unique bank account, incorrect ESA, improper asset valuation, lodging [...]
