Superannuation Background Information Contrary to popular belief, your superannuation is not automatically dealt with by your Will. You don’t own your superannuation. You may control it and have access to withdraw it, but you don’t legally own it. If you don’t own something, it isn’t yours to pass on via your Will. Upon death, it […]
Archives for August 2016
7 Benefits of Buying Investment Property with SMSF (Self Managed Super Fund) Borrowing
If you are drawn to the concept of investing your retirement savings in investment property but don’t have enough saved in super to do so, SMSF Borrowing might be for you. Providing certain conditions are met, a Self Managed Super Fund (SMSF) can borrow to invest in property under a Limited Recourse Borrowing Arrangement (LRBA). […]
Excess Super Contributions Tax
Concessional vs. Non-concessional super contributions In most instances, there are two types of contributions you can make to a super fund, Concessional or Non-concessional. Non-concessional contributions are where no tax deduction has been claimed at the time the contribution is made i.e. they are made from after-tax dollars. Broadly, Concessional contributions are from pre-tax dollars […]