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Understanding SMSF contributions

Posted at 14 Feb 2019 in Superannuation by Strategic Retirement Solutions

Contributions can play an essential role in a self-managed superannuation fund. Your contributions can be made in two ways – by cash or an asset (known in the trade as ‘in specie’ contribution). Typically, your SMSF can accept: employer contributions personal contributions salary sacrifice contributions super...

Make sure your super goes to your loved ones

Posted at 15 Nov 2018 in General Interest, Superannuation by Strategic Retirement Solutions

While a Will states how you would like your hard-earned assets to be distributed, it doesn’t automatically include your super. That’s because, unlike directly owned property or shares, super doesn’t necessarily form a part of your estate. The super fund trustee will distribute it in...

Superannuation and separation: Who keeps the money?

Posted at 17 Aug 2018 in General Interest, Superannuation by Strategic Retirement Solutions

A divorce from your husband or wife, or a separation from your de facto, could mean a division of your assets and debts, whether they’re held separately or together, and superannuation is no exception. Another thing to note is even if one of you hasn’t contributed...

Who is the boss of your super?

Posted at 17 Aug 2018 in Superannuation by Strategic Retirement Solutions

It’s tempting not to think too much about your super when retirement is still a long way off. After all, it’s growing just fine by itself … right? But the reality is, if you don’t take control now, you might be left with less than...

Downsizing for retirement

Posted at 17 Aug 2018 in Superannuation, Technical Updates by Strategic Retirement Solutions

Australians aged 65 and over who are downsizing for retirement can now contribute the proceeds from the sale of their main residence (up to $300,000) into super. We take a look at what this could mean for you, bearing in mind that like with all important...

How to help ensure your superannuation contributions don’t exceed the caps

Posted at 16 May 2018 in Superannuation by Strategic Retirement Solutions

Changes in the superannuation contribution caps, which kicked-in last year, give an added reason to keep a close eye on your contributions. From 1 July 2017, the concessional (before tax) contributions cap was reset to $25,000 for everyone (irrespective of age). For those earning a salary in...

New legislation aims to benefit first home buyers and downsizers

Posted at 14 Feb 2018 in General Interest, Superannuation by Strategic Retirement Solutions

Government proposals around improving housing affordability in Australia were passed through parliament on 7 December 20171. See what the new rules could mean for you. As part of the changes: first home buyers will be given a tax concession through the ability to save for a...

Boost your retirement income with salary sacrifice

Posted at 14 Nov 2017 in Superannuation by Strategic Retirement Solutions

By contributing into your super, you can reduce the amount of tax you pay while adding to your future retirement income. What is salary sacrifice? Put simply, salary sacrifice is where you pay a portion of your pre-tax salary or wages as an additional contribution to your...

Investment bonds – an alternative to super

Posted at 14 Nov 2017 in Superannuation by Strategic Retirement Solutions

A number of changes came into effect on 1 July 2017 that limit the amount of money those saving for retirement can put into super. This includes new limits on concessional (or before tax) and non-concessional (or after tax) contributions. The limit on concessional contributions has...

Understanding how SMSF contributions work

Posted at 14 Nov 2017 in Superannuation by Strategic Retirement Solutions

Contributions can play an essential role in a self-managed superannuation fund (SMSF). Your SMSF contributions can be made in two ways – either by cash or an asset (known in the trade as ‘in specie’ contribution). Typically, your SMSF can accept: employer contributions personal contributions salary...