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A new system alerting SMSF trustees of changes made to their SMSF will roll out this month. The ATO will alert trustees by text and/or email when changes are made to bank details, electronic service address of the fund, the authorised contact and members. For more...
Employees with numerous employers can now opt-out of superannuation guarantee from all but one employer. What does this mean, exactly? Keep reading for Super Guarantee opt-out for employees with multiple employers. Employers are required to pay 9.5% superannuation...
The investment strategies of Self Managed Superannuation Funds (SMSFs) are under scrutiny with the Australian Taxation Office (ATO) contacting 17,700 trustees about a lack of asset diversity. Are all your SMSF eggs in one basket? If so, read on! The ATO is concerned...
What's a comfortable retirement income in Australia, and how much super do Australians need to achieve it? It depends on who you ask. As we approach retirement, many Australians start questioning whether their superannuation balance is adequate. Perhaps we need to...
This year is the first year of new measures that enable people who have been out of the work force, like new Mums, to top up their superannuation. If you are not making your full superannuation contribution, now you can catch up! If you have: A total superannuation...