DIY Super For Dummies
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DIY Super For Dummies

DIY Super For Dummies


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About the Book

Take control of your retirement savings with this practical guide on DIY super Use this comprehensive and easy-to-understand resource to set up and run your own self-managed super fund. Discover how to manage your fund, stay on the right side of the DIY super rules, invest your super cash and run a pension from your SMSF. Find independent guidance — utilise Trish Power's knowledge of DIY super and her plain- English explanation of how super operates Set up a DIY super fund — find out how to create a SMSF in just ten steps Run your SMSF — learn to steer your fund's super CART (Compliance, Administration, Reporting and Tax obligations) Enhance your super savings — make contributions to prepare for a comfortable retirement Pay benefits from your DIY super fund — discover how you can pay lump sums or run a pension from your SMSF Understand tax-free super benefits — take advantage of tax-free super for over-60s and, potentially, pay no tax before age 60 In addition to the information contained in this book, you can visit Trish Power's website at www.superguide.com.au for more info about super. SuperGuide is free and Australia's only independent online resource for super. Open the book and find: How to decide whether a DIY super fund is for you Information about the costs of running a SMSF Steps to set up and run your own super fund How your fund can give you a tax-free retirement Tips for choosing an adviser or fund administrator Guidance on how to run a pension from your DIY super fund

Table of Contents:
Introduction 1 Part I: Taking Control of Your Super 7 Chapter 1: Is DIY Super Right for You? 9 Chapter 2: Getting the Right DIY Super Advice 27 Chapter 3: Counting On Contributions 39 Part II: Setting Up a DIY Super Fund 61 Chapter 4: How Much Does a SMSF Cost? 63 Chapter 5: Simple Steps to DIY Start-Up 73 Chapter 6: Individual Trustees versus Corporate Trustee 87 Chapter 7: Trustee Declarations and Other Promises 97 Part III: Running Your Self-Managed Super Fund 107 Chapter 8: Finding a Fund Administrator, or Not 109 Chapter 9: Do the Right Thing — Compliance 119 Chapter 10: Act Like You’re the Boss — Reporting 129 Chapter 11: It’s Always Tax Time 141 Chapter 12: Investing Your DIY Super Money 157 Part IV: Paying Super Benefits from Your Fund 181 Chapter 13: Retiring Is Just the Beginning 183 Chapter 14: Running a DIY Super Pension 199 Chapter 15: Looking After Your Family 221 Part V: The Part of Tens 239 Chapter 16: Ten Special Features of DIY Super 241 Chapter 17: Ten Commandments of DIY Super 249 Part VI: Appendixes 257 Appendix A: SMSF Compliance and Administration Checklist 259 Appendix B: Handy Super Resources — SuperGuide and ATO Publications 263 Glossary 269 Index 279


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Product Details
  • ISBN-13: 9780730378099
  • Publisher: John Wiley & Sons Inc
  • Publisher Imprint: For Dummies
  • Language: English
  • ISBN-10: 0730378098
  • Publisher Date: 30 Nov 2011
  • Binding: Digital (delivered electronically)
  • No of Pages: 320


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