Managing your own super is a big responsibility. There are strict rules that govern how you can use a self-managed super fund (SMSF), how you can invest your money and when you can get at it.
If you want to manage your own super, there are many factors you need to consider. To work out whether an SMSF is right for you, it's important ... |
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Some SMSF statistics
As at 30 September 2013, there were over 516,000 SMSFs holding around $531 billion in assets.
Although SMSFs are nearing one million SMSF members (980,000), or 8% of the 11.6 million members of Australian super funds, they account for 31% of the $1.6 trillion total super assets as at 30 June 2013.
Common probl... |
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The ATO is encouraging women to take an active interest in their superannuation to help overcome the retirement savings shortfall many are currently experiencing, saying “It’s never too late".
Assistant Commissioner Megan Yong said, “On average, Australian women currently retire with super account balances of just $... |
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The ATO has announced that red tape affecting Tax File Number (TFN) applications has been removed thanks to a partnership between the ATO and Australia Post.
TFN applications are now simpler and easier, as they can now be applied for online at www.ato.gov.au/TFNapply and a printout of the application summary can then be verified at one ...
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The ATO has advised that it will acquire details of approximately 20,500 individuals providing contractor services to local government authorities in the 2010/11 and 2011/12 financial years from various local government Council and Shire authorities throughout:
Queensland;
Tasmania;
New South Wales; and
Victoria.... |
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