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It can be entirely unfortunate psychologically to lose a close friend or family member. Logistics and administration duties might impose extra pressure on loved ones. A well-thought-out estate plan might bring peace of mind during this critical life event. It...

Self-managed superannuation funds are private funds with no more than six members. Self-managed super funds are different to industry and retail funds. When you operate your super funds, you invest in your SMSF with the funds you invest in retail...

For many Australians, retirement may be the final goal, but the thing which comes with retirement is no regular income. The government of Australia has a retirement plan. One of the most significant plans is to save into superannuation funds....

Accounting is an essential part of a business to record the monetary transactions of the day-to-day activities. An individual has to choose between cash-basis accounting or accrual-basis accounting. The business owner must understand the difference between cash and accrual accounting...

In Australia, a superannuation contribution or super contribution is a contribution by an employer to an employee's retirement smsf pension benefit. This scheme is for all employed Australians to help them to build up and save for retirement. The employee...

Self-managed superannuation fund, popularly known as SMSF, is a type of a super fund that is privately owned and can be managed privately as a trustee. In Australia, the trustees of an SMSF have complete access and control over the...

Some people have the notion that SMSF services are time-consuming and difficult to manage. However, as a small business owner, the benefits are way more in number than the disadvantages. Having an effective SMSF enables you to invest in commercial...

A Self-Managed Superannuation Fund (SMSF) has a similar structure to a trust which primarily focuses on providing financial benefits to members on retirement and their beneficiaries on death. It helps the members of the fund to strategize for their retirement,...

As the name indicates, a self-managed superannuation fund (SMSF) is a private super fund that serves retirement benefits. The main difference of an SMSF from other super funds is that you can manage the trust as a trustee for your...