Winding up an SMSF before 30 June
So your client has decided to wind up their SMSF? It’s vital for all involved to be aware of the potential traps in the windup process to avoid unnecessary costs and complexity.
Read MoreSo your client has decided to wind up their SMSF? It’s vital for all involved to be aware of the potential traps in the windup process to avoid unnecessary costs and complexity.
Read MoreThere are some situations where an SMSF is no longer suitable or appropriate for its members. However, it is not always possible to immediately wind up the fund.
Read MoreThere are many reasons why individuals choose an SMSF as their primary retirement savings vehicle. However for some, there will come a time when the SMSF is no longer appropriate for them.
Read MoreIdeally retirement is planned and eagerly anticipated. But these are times of unexpected job losses – how does superannuation access work for those over preservation age now?
Read MoreObviously there have been temporary changes to superannuation conditions of release as a result of the pandemic. There have been no changes to the definition of “retirement” but how does this work in a Covid-19 environment?
Read MoreMeg Heffron answers why it’s not possible for SMSF members to top up their pension balance - even though it has dropped below the $1.6m pension cap - if the cap had been reached previously. - Originally published in "Australian Financial Review"
Read MoreThere is really nothing good to say about investment markets right now – nor, of course, the existential challenge that COVID-19 poses to society. But what does it all mean for our superannuation and in particular pensions?
Read MoreOn 22 March 2020 the Government announced the second of their stimulus packages to support Australia through the economic consequences of the Covid-19. The rules announced today for retirees are explained here.
Read MoreIn any discussion about the pros and cons of SMSFs, the most common words in the conversation are 'control' and 'flexibility'. And these are certainly highly relevant as they are indeed benefits of SMSFs.
Read MoreDuring the 08/09 financial crisis, the Government responded to pensioner concerns by halving the minimum pension amounts. Is there anything pensioners can do to preserve their super capital during this latest economic crisis?
Read MoreLegislation introduced to fix a problem with market linked and complying life expectancy pensions, but it's not a total solution for all.
Read MoreThe 1 July 2017 changes to superannuation pensions introduced a new rule of thumb – most people can only convert $1.6m to a retirement phase pension over their lifetime.
Read More