On May 13 when Treasurer Joe Hockey delivers the 2014/2015 Federal Budget, he will be either one of the most respected men in the country for instigating much needed structural reform or one of the most unpopular, if predictions of a slash and burn approach to social welfare come true. Or perhaps a bit of both depending on your view and cir... |
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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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1. An anti-social media Xmas party
Just imagine that embarrassing photo from the Christmas party (you know the one with the glass of champagne and the photocopier) being circulated to your key customer contacts, or even worse, your mother.
Social media creates a whole new way for that expensive company image to be trashed by tea... |
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If you haven’t reviewed your salary sacrifice arrangement for a while then two recent changes should have spurred you into action.
The first is the increase to the super guarantee (SG) rate from 1 July 2013. While the increase from 9% to 9.25% doesn’t sound like a lot, it can have a big impact. The problem is the conc... |
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