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Can You Withdraw Money From Your Super Or SMSF?

July 20, 2021 No Comments

There are many legalities surrounding self-managed super funds (SMSFs) and other super accounts that it can often be difficult to know where to start. Here are the ins and outs regarding SMSF and super withdrawals to avoid steep financial penalties. Table of Contents What are the rules? What is a lump sum? At what age can you withdraw money from your super and SMSF? In what situation can you withdraw money early? COVID-19 Financial hardship Temporary/permanent incapacity Medical grounds How

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How the Federal Budget is affecting women’s superannuation?

June 22, 2021 No Comments

Last month we saw the Australian Government announce the 2021-22 Federal Budget, and along with many positive initiatives to take place, women’s issues were at the forefront for changes. Out of the $3.4 billion package of new measures taking place from the budget, The Australian Government committed $1.9 billion to support women’s security. The main three areas released were reforms on: Women’s safety Women’s economic security Women’s health and wellbeing The Women’s Budget Statement said: “When women are safe, economically

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It’s Tax Time – How To Be Wary Of Tax Scammers!

May 20, 2021 No Comments

This might be the time of the year when we are busily getting our crumpled receipts together and trying to make sense of our accounting ledgers, hoping to get a decent refund. But it’s also the time of year scammers are on track to take advantage of you. Here’s what you need to know, so you don’t become a victim of tax fraud. Investment scammers conned Australians out of over $500 million last year, and their busiest season is about

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accountant preparing end of financial year

5 Accounting Tips To Prepare For End Of Financial Year

April 26, 2021 No Comments

With the end of the financial year (EOFY) approaching, many businesses start to think about how to get ready. Checking that your accounts are in order and taking some preparatory steps in advance will save you a lot of time in the long run. Here are five accounting tips to prepare for EOFY. Table of Contents What does ‘end of financial year’ mean? 1. Ensure that your records are up to date 2. Wages: Make sure all data is accurate

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smsf tips

Self-Managed Super Funds: 5 Most Common SMSF Questions Answered

March 12, 2021 No Comments

If you are starting to plan for your retirement, self-managed super funds can be a great way to maximise your savings and manage your money yourself, however, they can be a lot of work and require specialist knowledge. At Charter Partners, we provide a wealth of self-managed super fund services, and we’ve put together some answers to common questions you may have about superannuation and self-managed super funds. Table of Contents What is a self-managed super fund? Who can be

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retirement taxation

5 Things To Not Forget When Planning Your Retirement

February 16, 2021 No Comments

Planning for your retirement might seem like an overwhelming task, and even a pointless one if you’re thinking 20-30 years down the track, but it could be the biggest and most important plan you’ve ever made. While retirement is an exciting time and something you may have been looking forward to your whole life, you may not be as comfortable as you think if you haven’t made a solid plan. Here are some items to add to your retirement checklist

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