SMSFlife

26/11/2021

Self Managed Superannuation Funds could be an alternative option to Industry Superannuation Funds for balances of $200,000? What do you think?

A panel of sector specialists discusses whether a new cost analysis has made SMSF a better superannuation solution for more people.Participants:Neil Sparks– ...

26/05/2021

ATO hot on the tail of Crypto investors.

The ATO is warning crypto investors to treat it like “property taxes”, with the good-faith approach to the emerging asset class coming to an end, a spokesperson said.

13/05/2020

If you are accessing super based on COVID-19 Early Release make sure you follow the first two steps.

Ensure Your Trust Deed Allows Early Release based on Compassionate Grounds.

Take Care, Stay Safe.

11/05/2020

Handy tip for accessing $10,000 from your super.

Reasons that payments may take longer than five business days include:

- incomplete information provided by the ATO;
- application errors by members that require clarification;
- verification of mismatches between member information provided by the ATO and that held by the fund;

and defined benefits members whose applications require additional processing.

04/05/2020

Early Release Super. In the first week the superannuation industry has already released $1.3b, the average time to make payment is 1.6 days.

“Under the Superannuation Industry (Supervision) Act 1993, trustees are legally required to make early release payments to eligible members ‘as soon as practicable’. We expect trustees should generally be able to achieve this within five business days, however we recognise this may not be practicable in all cases, as trustees conduct fraud checks, and fulfil their legal obligation to look out for the best interests of all fund members.

14/04/2020

Life insurance companies across Australia are hoping today marks the end of AGREED VALUE Income Protection.
Instead of eating Easter Eggs over the weekend I have been putting together, revising and following up my submissions to APRA, ACCC, FSC and topped of with my submission below to the Commonwealth Ombudsmen.
It is in the best interest of my clients to have the peace of mind and financial independence that only an Agreed Value IP policy can provide.

14/05/2019

SMSF members in retirement phase most impacted.

The proposed changes to franking credit rules, if legislated, will have a minimal influence on Australian share volatility. Investor impacts will vary, with SMSF investors in the retirement phase the most impacted.

19/06/2018

We are representing our client tomorrow at a reconciliation meeting with the Financial Ombudsman Service and the Insurance Company.

We are Arguing the Insurance Company Wrongly Declined our Clients Claim.

FOS mentioned it was unheard of, for a client to be represented by their Insurance Adviser..

My heart goes out to all those that have to represent themselves against any Insurance Company..

We are proud to represent our clients. It's what we do at smsfLife.com.au

14/11/2017

Insurance has an important role in your superannuation and estate planning strategies.

27/09/2017

Super excited to be going to this SMSF event to listen to the latest strategies from the Guru Himself....Grant Grant Abbott

Join Grant Abbott as he introduces you to SMSF v2.0 and launches his new, and highly anticipated book - The Guru's Guide to SMSFs - suitable for SMSF Professionals, SMSF Members & Trustees, Product Development Teams, and anyone with a thirst for additional SMSF knowledge or capital. *** All attendee...

22/09/2017

A record number of finalists have been revealed for this year’s Optus My Business Awards, ensuring the SME community’s night of nights will be bigger than ever this year!