Superannuation

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The rules governing gifts from SMSFs

By |2018-10-28T12:31:53+00:00November 1st, 2018|Categories: Superannuation|

There are now almost 600,000 Self-Managed Superannuation Funds (SMSFs) in Australia where the members of the fund are also the trustees. These trustees are responsible for running the fund according to the superannuation rules. If they get it wrong, the consequences can be dire. Each year, SMSFs lose their concessional tax allowance [...]

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What can you tell your employees about super?

By |2018-09-06T11:25:35+00:00September 7th, 2018|Categories: Superannuation|

It’s a common question asked by employees: “what should I do about my super?” If you are an employer or manager and feel confident of your knowledge of superannuation and investment, it can be tempting to give an answer. However, just about anything helpful you have to say will likely fall within [...]

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Early access to super

By |2018-09-06T11:17:03+00:00September 6th, 2018|Categories: Superannuation|

We all know that our superannuation is there to provide for our financial needs in retirement. That means we can’t usually access our super until we reach preservation age and meet a condition of release. Preservation age is between 55 and 60, depending on date of birth. It is the age at [...]

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Super jargon explained

By |2018-07-07T19:09:02+00:00July 12th, 2018|Categories: Superannuation|

Although it’s constantly reported on in the media, many Australians do not fully understand superannuation jargon. We’ve identified some of the most common terms and explain them in language everyone can understand. Term Explanation Account Based Pension Also known as an 'Allocated Pension'. An investment account established with [...]

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Markus Mobile Tax Accounting Services

PO Box 6197, Point Cook, Victoria 3030

Mobile: 0422 735 047

Web: Markus Mobile Tax Accounting Services

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