Customising your super strategy

Adjusting your super fund strategy so you can have a more active role in managing your retirement savings can often result in a number of rewards and benefits. However, it is important for those who opt to take more control of their super fund’s asset allocation to consider aspects in the long-term, rather than react…

Working from home deductions

Those who produce some form of assessable income at home or incur expenses from using that home as a workplace can claim for expenses and tax deductions. Individuals can claim deductions for their home if it is used for income earning activities but isn’t a place of business, or if it is being used as…

Splitting your super

Super splitting is a sensible, simple and strategic way of dividing contributions, managing the transition into retirement and maximising income. It involves transferring concessional or tax deductible contributions from the account of a fund member to their partner. It is particularly beneficial where there is a reasonable age gap of around five years or more,…

Supercharge your super

An individual’s superannuation is typically one of their biggest assets along with their home. So while it is natural to start thinking about how you can boost your superannuation balance leading up to retirement, putting in the effort well before then can make a big difference to your retirement lifestyle. Below are four simple ideas…

Beware segregated pension traps

Applying the segregated pension method for an SMSF can result in cash-flow issues caused by the division of earnings and expenses. While the decision to segregate assets in an SMSF into pension and accumulation mode may be due to tax purposes, there are still a range of important issues to consider. Bank accounts are usually…