Entries by Rebecca Edwards

Everything worth knowing about SMSFs in under 5 minutes

What is an SMSF? A Self-Managed Super Fund (“SMSF”) is a way to save for your retirement. SMSFs differ from other super funds because the trustees of the fund are in most cases also, the members.  This means that the members of the fund are able to operate the SMSF for their benefit.  However, they […]

So you’ve decided to set up a Self-Managed Superannuation Fund?

Setting up a SMSF can be daunting, you only have to look at the legislation to see that – over 700 pages (yes, you read that right – 724 pages to be precise) of rules about SMSFs and that doesn’t even include the regulations or other associated legislation. But don’t be put off.  Although, the […]

Myth busting – What happens to your super when you die?

Not sure?   Well, you are not alone.  Despite being one of our biggest assets, many Australians have no idea what happens to their superannuation when they die. Changes to the law over the last few years have made it even more mind-boggling to try to work out and plan for what might happen after death.  […]

Major changes to the Retirement Villages Act 1999 (Qld) Passed in Parliament

The Housing Legislation (Building Better Futures) Amendment Act 2017 (“Act”) was passed by Parliament on 25 October 2017.  It will have a major impact on Retirement Village documents and processes. General Comments The Act is the result of a long and winding path of review of the law spurred recently by the infamous Four Corners […]

Changes to Retirement Villages Law (& other things) in Qld

Following the ABC Four Corners program earlier this year, the Queensland Government embarked on a plan to amend various pieces of housing legislation in response to the issues raised in the program. On 25 October 2017 that resulted in the passage through the Queensland Parliament of legislation to address the concerns raised. Much focus has […]

Top 5 things SMSF trustees and members should know about their Deeds

Your superannuation deed along with the superannuation laws form the governing rules that self managed super funds (SMSFs) need to operate by. The introduction of the $1.6 million transfer balance cap (TBC) and new transition to retirement income stream (TRIS) rules are a ‘game changer’ for SMSFs when discussing benefit payments and estate planning. With […]

Major changes to the Retirement Villages Act 1999 (Qld) proposed in Parliament

The Housing Legislation (Building Better Futures) Amendment Bill 2017 (“Bill”) was introduced to the Queensland Parliament late yesterday. If passed, the Bill will make the following key changes to the Retirement Villages Act 1999 (Qld): General Comments The Bill is the result of a long and winding path of review of the law spurred recently […]

Does your SMSF Deed need a post 1 July check up?

On 1 July 2017, significant changes came into force and many more are proposed as a result of the recent federal budget.  So if you haven’t already reviewed your SMSF Deed, do you really need to? The answer is YES – all SMSF Deeds should be reviewed to ensure that they are up to date […]

SMSF incentives for those looking to downsize their home

As we grow older, it may become more attractive or perhaps even necessary to downsize our homes.  Downsizing may mean moving to more suitable accommodation, a release of equity to support retirement plans or maybe, a move to aged care or retirement living. Potential benefits of downsizing From 1 July 2018, homeowners over 65 years […]

SMSF Pension Payment Deadline Looms

The SMSF Association has issued a warning to self-managed super fund (SMSF) members in the pension phase to ensure that they have met their minimum pension payments by 30 June.