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 | 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...
by Financially Sorted | Feb 16, 2022 | Finance, SMSF, Superannuation
Sole purpose test – What Does This Mean? Your SMSF needs to meet the sole purpose test to be eligible for the tax concessions normally available to super funds. This means your fund needs to be maintained for the sole purpose of providing retirement benefits to your...
by Financially Sorted | Feb 16, 2022 | Finance, SMSF, Superannuation
Your self-managed superannuation fund (SMSF) investment strategy Every SMSF must have an investment strategy. For the start of this new year, it is always good to look at what your investment goals are. What is an Investment Strategy? Your investment strategy...
