Oct 9, 2024
Valuing fund assets for SMSFs
If you are the trustee of a self-managed super fund (SMSF), each year you need to value your SMSF’s assets at market value and provide supporting evidence to your auditor. Market value of an
Sep 12, 2024
Accessing Super From Age 60 to 65
From 1 July 2024, the rules for accessing superannuation became somewhat simplified: the preservation age when you can begin to access your benefits is now effectively age 60. However, until you
Jul 7, 2024
Early Access to Super For Dental Work
The Dental Board of Australia has raised concerns regarding growing reports of dental practitioners encouraging patients to access super in order to fund their dental care. Administered by the ATO
Apr 10, 2024
Super On Paid Parental Leave
The government has announced that from 1 July 2025, it will commence paying super on Government Paid Parental Leave (PPL). This comes on the back of calls by unions and the women’s movement
Feb 13, 2024
No Super, No Life!
I was travelling in Japan on a family holiday recently and browsing a stationary store came across a number of pictures with the caption “No Super, No Life”. This is probably more relevant in
Jul 12, 2023
ATO SMSF Focus Areas For 2023
In a recent speech, Justin Micale, ATO Assistant Commissioner of Self Managed Super Funds Risk and Strategy area outlined the risks on ATO’s radar in the SMSF space and provided some insights on
Jul 12, 2023
Minimum Pension Payment Changes
Retirees who draw an account-based pension from their super need to be aware that the 50% reduction in the minimum pension drawdown rate which applied for previous years will no longer apply from 1