Reading Room - Superannuation & SMSFs
Running a self-managed super fund (SMSF) gives you control, but it also brings legal responsibilities. Education is essential for risk management.
From 1 July 2026, employers need to pay superannuation guarantee (SG) contributions at the same time as wages, rather than weeks or months later.
If your super is nudging $3m or you're clearly over, the Treasurer's latest announcement could change how you think about super's generous tax breaks.
Superannuation is tax-effective but tightly restricted. Early access is only allowed in limited cases such as financial hardship or approved compassionate grounds.
The superannuation guarantee (SG) increased to 12%, the final stage of a series of increases. Employers need to make contributions by 28 days after the end of each quarter.
Division 296 super tax is a Government proposal to impose an 15% tax on superannuation earnings for individuals if their superannuation balance is over $3 million.
The SG definition of an employee is broad and just how far it extends has sparked debate of late about the rights of performers, gym instructors and others not typically considered employees.
The amount of money that can be transferred to a tax-free retirement account will increase to $2m on 1 July 2025. The transfer balance cap is indexed to the Consumer Price Index (CPI).
The Government has announced its intention to introduce mandatory standards for large superannuation funds to deliver timely and compassionate handling of death benefits
