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​There are a few types of superannuation accounts: accumulation accounts, defined benefit accounts, and hybrid accounts. Accumulation accounts are the most common type of superannuation account. The money in your accumulation account provides you with an income in retirement. Defined...

Self-Managed Super Funds (SMSF) have a tax rate of 0% to 15%, making them among the most tax-efficient structures and planning tools in Australia's complex tax system. However, this beneficial tax structure is accompanied by a high degree of regulation,...

When it comes to financial planning, it is necessary to understand your financial status. It includes knowing your current income, debts, and expenses. ​Financial planning is creating a roadmap for your future financial success. It involves the current economic situation,...

Retirement is a significant life achievement that merits celebration. But to guarantee a financially comfortable retirement, careful planning is required. Planning for your future financial stability if you quit working is a good idea right away. The majority of us...

If you are thinking about setting up a self-managed super fund (SMSF), there are a few things you need to know. First and foremost, as the trustee of an SMSF, you have several roles and responsibilities. It includes keeping track...

The compliance and regulation of Self-Managed Superannuation Funds (SMSFs) is a complex and ever-changing area. The Australian Taxation Office (ATO) is responsible for running SMSFs and sets out strict rules and guidelines. Breach of these rules can result in hefty...

Estate planning is a term that encompasses all of the measures you take to ensure that your financial affairs, property, and other assets are in order before you die or become incapacitated. Such actions are essential for protecting your family...

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...