by Financially Sorted | Oct 1, 2023 | SMSF, Superannuation, Tax Returns
Are you looking for ways to increase your retirement savings and reduce your tax? If so then, you are in luck. There are several ways you can contribute to your super, depending on your personal circumstances. Here is one way you can grow your super and access tax...
by Financially Sorted | Sep 1, 2023 | ATO, Property Investment, SMSF, Tax & Accounting
Once again, the ATO has targeted SMSF property development schemes that divert profits of a property development project to a SMSF. This time, the focus is on using a special purpose vehicle (SPV), which the SMSF directly or indirectly owns. It appears that some SMSF...
by kirstyb | May 22, 2023 | SMSF, Superannuation
Superannuation is an important part of retirement planning, and the earlier you start saving, the more time your money has to grow through compound interest and earnings. Many working aged people are asking themselves should I use my money to live, or. Should I leave...
by kirstyb | May 22, 2023 | SMSF, Superannuation
One question that often arises is when saving for your Superannuation is that can I access my Super before retirement? In general, you cannot access your superannuation before your preservation age unless you meet certain conditions of release. Your preservation age...
by kirstyb | May 22, 2023 | SMSF, Superannuation
At Financially Sorted, we understand that planning for the future is a crucial aspect of financial well-being. So, what happens to your super when you die? The treatment of your superannuation after your death depends on several factors, such as your age, the type of...
by kirstyb | May 18, 2023 | SMSF, Superannuation
Superannuation: Why it’s essential for your retirement? Superannuation is a way to save money for your retirement. It is a compulsory system in Australia, where employers are required to contribute a percentage of their employees’ earnings into a...
