Search results for: “Self-Managed Super Funds”
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Maximize Super Contributions with Spouse Offset and Co-contribution Strategies
A superannuation specialist emphasized the importance of documenting spouse contributions correctly to activate eligibility for offsets in self-managed super funds. Jason Hurst, a technical adviser, highlighted in a webinar the significance of spouse contributions being considered non-concessional for the receiving spouse, subject to caps and total super balance rules specific to the recipient. A PRACTICAL…
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Maximize Super Contributions with Strategic Planning Before June 30
As June 30 approaches, it’s crucial to review your superannuation contributions to maximize available caps and benefits. Contribution caps are generally “use it or lose it,” making it essential to seek advice on strategies to build your super balance efficiently. The concessional contribution cap and timing of contributions play a significant role in optimizing your…
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Division 296: New Tax Rules Impacting Super Balances Over $3M
In the realm of superannuation, there’s a new tax frontier on the horizon known as Division 296, poised to impact individuals with super balances exceeding $3 million. While this measure is not yet law, the proposed changes are causing a stir among those in the financial landscape. The crux of Division 296 is to levy…
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Superannuation Industry Evolution: Navigating Future Growth and Challenges
The Australian superannuation industry is at a critical juncture, facing a tipping-point challenge as the balance between contributions and withdrawals shifts. With Australians contributing substantial amounts to superannuation annually, the system is experiencing a significant evolution. Experts predict that by 2062, outflows will surpass inflows, marking a pivotal moment for the industry. This transformation underscores…
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SuperGuide: Essential Retirement Planning Tips for Australians
Superannuation industry funds have been a cornerstone of retirement planning for Australians, offering a range of investment options to help individuals secure their financial future. Understanding how these funds work and selecting the right one can make a significant difference in the long run. Planning for retirement can be overwhelming, but delaying preparations can have…
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ATO Crackdown Reveals $659M Unpaid Super Guarantee Charges
The Australian Tax Office (ATO) recently disclosed that it had concluded 23,600 super guarantee cases in the 2023–24 fiscal year, resulting in a total of $659 million in super guarantee charge liabilities. This figure underscores the ongoing issue of employers failing to meet their superannuation obligations. A PRACTICAL GUIDE TO AUSTRALIAN SUPERANNUATION: A Plain-English Guide…
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Industry Funds Thrive, Government Funds Struggle in Super Rankings
Australian super funds are experiencing a shift in rankings, with industry funds gaining momentum while government schemes are facing setbacks. Industry funds are seeing growth in member inflows and expansion through consolidation, whereas government funds are struggling due to ageing memberships and conservative strategies. The Self-Managed Super Fund Investment Secrets: Full Guide on How To…
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ASIC Reviews Regulation of Private Markets Amid Superannuation Growth
The Australian Securities and Investments Commission (ASIC) is conducting a review of the regulatory framework for private assets in response to the growing influence of Australia’s $4 trillion superannuation industry in private markets. ASIC Chair Joe Longo highlighted the importance of regulating private markets, emphasizing that it impacts not only institutional investors but also everyday…
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APRA’s Superannuation Fund Performance Test Reveals Positive Trends
APRA recently released the results of its annual superannuation fund performance test, revealing a positive outcome for most products. The test evaluates the performance of MySuper options, non-platform choice products, and choice options offered through platform services. While all MySuper options and non-platform choice products passed the test, there was room for improvement in choice…
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Super Funds Outperform with 10.5% Growth in 2025
Super funds have once again exceeded expectations in the financial year leading up to June 2025. Despite global uncertainties and market volatility, the median Growth fund delivered a remarkable return of 10.5%. This marks the third consecutive year of strong performance, with returns of 9.1% and 9.2% in the previous two years, resulting in an…