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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...

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...