Legislation to implement the Government's superannuation reforms passed the Parliament on 23 November 2016, which may significantly impact your SMSF from 01 July 2017.
Due to the Superannuation Reforms, we caution that the information below is only valid until 30 June 2017.
The contents of this webpage will be updated around July 2017 to reflect the new changes.
In the meantime, please click here
for a summary of the Superannuation Reforms.
ESUPERFUND is pleased to introduce our Interactive Analytics for clients. You can now enter your own unique details and our Interactive Analyser will provide a detailed analysis allowing you to determine what Strategies you should incorporate with your SMSF. This level of Interactive advice would cost thousands of dollars with a Financial Planner but is provided absolutely FREE to clients of ESUPERFUND. The following Interactive Analytics are provided for you.
When you reach Preservation Age you have the option of commencing a Pension Income Stream from your SMSF. A Pension simply means that periodically (e.g. each month or other period you nominate) cash is transferred from your SMSF Bank Account to your personal Bank Account to fund your living expenses. The Benefit in commencing a Pension in your SMSF is that after commencing a Pension you will never pay tax on the SMSF income (e.g. interest and dividends) and realised capital gains made by your SMSF again. This is truly an amazing taxation concession and makes commencing a Pension in your SMSF the perfect investment vehicle to hold your assets. To demonstrate the Tax Savings of commencing a Pension using your own personal circumstances click here to participate in our Interactive Pension Analysis and see how much tax you can save.
Salary Sacrifice Analysis
Your Employer is legally obliged to contribute superannuation for you into a Complying Superfund which includes an SMSF. The amount your Employer must contribute is equal to 9.5% of your salary. In addition to the contributions your Employer makes on your behalf you have the option of "salary sacrificing" additional super contributions if you so choose. Salary sacrificing simply describes the strategy of entering into an agreement with your Employer to pay part of your pre-tax salary directly into your SMSF. This means that your total remuneration needs to be renegotiated with your Employer where you agree to a reduced salary in return for additional superannuation contributions. The advantage in salary sacrificing is that the contributions made to your SMSF are not taxed in your personal name but in the SMSF at 15%. So if your personal tax rate is more than 15% there is a tax advantage in salary sacrificing.
The effectiveness of a Salary Sacrifice Strategy is magnified when incorporated with a TRAP Strategy. This strategy basically involves you salary sacrifice as much of your income as you can afford (subject to limits) on one hand and on the other you receive a Pension income stream from your SMSF to help fund your living costs. You can think of it as a "round robin" strategy where the money that is salary sacrificed is channelled back to you as a pension payment but in the process saving you thousands of tax dollars in tax.
To demonstrate the benefits of commencing a Salary sacrifice Strategy, using your own personal circumstances click here to participate in our Interactive Analysis and see how much tax you can save.
To demonstrate the benefits of commencing a TRAP and Salary sacrifice Strategy, using your own personal circumstances click here to participate in our Interactive Analysis and see how much tax you can save.
Super Access & Tax
To determine if it is possible to make Pension or Lump Sum Withdrawals from your SMSF and the taxation implications thereon using your own personal circumstances click here to participate in our Interactive "Super Access and Tax Analysis".
For other Calculators that may assist in your SMSF Investment and Planning decisions click here.