Retirement Savings
EEA Advisory articles tagged Retirement Savings.
What Are the Small Business CGT Concessions in Australia (2026)
Selling a business can trigger capital gains tax but small business CGT concessions offer ways to reduce, defer or even remove that tax. This guide explains the concessions in plain English as they stand in 2026, outlining eligibility and how each rule helps protect the retirement nest egg. It covers the four main options available to business owners throughout their business life cycle. National tax rules ensure the same benefits apply from every state and territory in Australia.
Minimising capital gains tax inside an SMSF before and after a member starts a pension
Selling an SMSF asset brings a critical tax decision for trustees. Understanding whether the fund is in accumulation or pension phase is essential to optimise capital gains tax outcomes. This article demonstrates how switching to a retirement income stream can lower tax rates, sometimes to zero. It also emphasises the importance of accurate record keeping to maximise benefits while staying compliant with the ATO. With detailed steps and practical tips, trustees can secure more of their earnings effectively.
SMSF death benefit nominations: binding, non-binding and reversionary options for members
Super does not follow the ordinary pathway of your will and the fund deed takes precedence in an SMSF. This article explains how Trustees must pay out death benefits by following superannuation law and any nomination you have made. It unpacks the differences between binding and non binding nominations as well as reversionary pensions. Understanding these options helps ensure a smooth and tax effective transfer of benefits while avoiding common pitfalls.
Non-arm's length income traps that can tax your SMSF earnings at 45 per cent
Self managed super funds usually benefit from a concessional 15 per cent tax rate but can face a 45 per cent penalty when income is deemed non-arm's length. The Australian Taxation Office applies Division 295 to override the standard rate if transactions are not conducted on commercial terms. Trustees and advisers must understand and avoid these pitfalls to protect retirement savings. The rules now extend to both income and expenditure, with even pension funds in retirement phase affected.
SMSF vs Industry Super Fund and How to Set One Up in 2026
Australians face a growing debate between self managed and industry super funds as their retirement savings evolve. This guide clearly explains the control, fees and lifestyle factors that set SMSFs apart from larger industry funds. It walks through practical steps to set up either option under the latest rules. Written in plain English and based on current regulatory guidelines, this article offers essential information for everyday retirement planning.
Adopt Payday Super and Secure Your Future
Learn how the Payday Super reform will change the way Australian employers pay superannuation by syncing contributions with wage cycles. This guide outlines the new rules, cash flow impact and key steps to avoid penalties and protect your business before the July 2026 deadline.
Beyond the Basics: Maximizing Your Superannuation for a Comfortable Retirement
Introduction: In the ever-evolving financial landscape, superannuation stands as a beacon for those gearing up for retirement. While the basics are familiar to many, delving deeper can unveil strategies to truly maximize your superannuation’s potential. Ready for a deeper dive? Let’s embark! Why Focus on Superannuation?: Superannuation is more than just a mandatory retirement savings
Supercharge Your Savings: The How-To Guide on Claiming Personal Super Contributions
Introduction: As you steer through the journey of financial planning, a common pit-stop is considering superannuation. While employer contributions to your super are the norm, what if we told you there’s a way to accelerate your savings and relish tax benefits simultaneously? Enter: personal superannuation contributions. Understanding Personal Super Contributions: Unlike the traditional path of
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