by Financially Sorted | Nov 14, 2022 | SMSF, Superannuation
Whether you’re 26 or 66, knowing how your super balance stacks up against others your age and what you should be aiming to have at your age, can help you determine if you’re on track towards being able to fund a ‘comfortable retirement’. How much super do I need for a...
by Financially Sorted | Sep 21, 2022 | SMSF, Superannuation
It’s important to know how much savings you have when retiring. Do you need to Budget? Can You Live on The Age Pension? As of August 2022, the full rate of the age pension for a single person, including all supplements, is $25,677.60 a year. Single people (with...
by Financially Sorted | Sep 12, 2022 | SMSF, Superannuation
There has been a recent uptick in using and buying crypto assets and using it as an investment for their SMSF. Here is our all you need to know guide. While SMSF’s are not prohibited from investing in crypto assets, the investment must: be allowed under the fund’s...
by Financially Sorted | Sep 12, 2022 | SMSF, Superannuation
When a self-managed super fund (SMSF) member dies, the SMSF generally pays a death benefit to a dependant or other beneficiary of the deceased. This should be done as soon as possible after the member’s death. If the recipient is a dependant of the deceased, the...
by Financially Sorted | Sep 1, 2022 | Finance, Small Business, Superannuation
“Success is about creating benefit for all and enjoying the process. If you focus on this and adopt this definition, success is yours” Kelly Kim. Forget about how much you earn, whether it’s as low as a dollar an hour or if you are lucky enough to earn $1,000 dollars...
by Financially Sorted | Feb 21, 2022 | Finance, SMSF, Superannuation
General duties as an SMSF trustee Your duties and responsibilities of being an SMSF trustee are serious and shouldn’t be taken lightly. The penalties can be quite onerous if breaches occur. To know your general duties as an SMSF trustee is essential. Even though...
