If you’re a trustee of a self-managed super fund, some reasons or circumstances could have emerged that may result in you wanting to get out of that fund. These may be personal circumstances (such as a divorce or another trustee dying), financial reasons (investments not performing as they should or you aren’t taking a pension…
A relationship breakdown can be a messy, frustrating time fraught with plenty of paperwork. Did you know that your or your partner’s super could be affected? If you were to split up with your current partner, you may be able to file a legal claim for up to half your superannuation (under certain circumstances). In…
You’re likely aware that people can put money into their super until they reach 67 years and probably already do so yourself. But did you know you can put money into your underage children’s superannuation for them if they are under 18? Superannuation For Minors Some superannuation fund providers can have special accounts that can…
Last week, the government announced a change to superannuation, introducing a new tax that will apply to member balances above $3 million. From July 1, 2025, super earnings over $3 million will be taxed at 30 per cent, double the current rate of 15 per cent. According to the government, this change aims to ensure…
