News Archives - Self Managed Super Funds

News

Time to Plan your Super Contribution

Now that PAYG earners can make concessional contributions and claim a tax deduction for them, it is time to consider whether this is a strategy for you. All income earners can now maximise their total super contributions to the concessional … Continue reading

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ASIC and Auditors

ASIC has just deregistered over 100 SMSF auditors for failing in their regulatory obligations. ASIC continues to exert pressure on  SMSF auditors increasing their regulatory burden of auditing and reporting. Along with the imposition of a $2000 annual fee just … Continue reading

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Short pre 30 June 2018 Checklist

1  Ensure your minimum pension is paid by 30 June 2018 2  Consider whether to maximise concessional contributions up to the $25,000 cap. Employees are now eligible to supplement their employer contributions without the need for salary sacrifice arrangements or … Continue reading

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Skills 4 Professionals

The Flynn Group has recently released this innovative app that collates the qualifications of a professional in one easy to reach central location. Certificates can be photographed and converted to a pdf on the fly. CPD points all stored in … Continue reading

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Late Lodgement Penalty

On 1 July 2017, the value of a Commonwealth penalty unit will increase from $180 to $210 and will automatically increase in line with the CPI (Consumer Price Index) from 1 July 2020, and every three years after. 1 Penalty … Continue reading

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2017 Contributions

30 June 2017 is the last day to make the most of your concessional and non-concessional contributions caps. If you turned 50 years of age between 1 July 2016 and 30 June 2017, your concessional cap is $35,000. If you … Continue reading

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Contributions

Members wishing to maximise their contributions into super for the 2015 financial year should be aware of the ATO’s position as to when a cash contribution is ‘received’. Their current stance is that a contribution is only received when the … Continue reading

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Specialists increase in Popularity

An Investment Trends reports shows that 35,000 SMSFs changed to a specialist SMSF administration providor in the past 12 months with ease of use and lower fees themost cited reasons. Specialists such as The Super Factory are able to focus … Continue reading

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SMSF Fees

A recent survey by SMSF Academy showed an average annual fee of $2,250. This puts The Super Factory’s fees of $1,800 way ahead of the rest, saving you money that can be put to better use. Call us now for … Continue reading

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Extra tax for High Income Earners

One of the pieces of legislation that the current government did not repeal is that of an extra tax on high income earners. The ATO has announced that 2013 tax assessments under Division 293 will begin to be issued in … Continue reading

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Self Managed Super Funds