Diy Super for Dummies

Learn to:

• Set up and run your self-managed super fund
• Create and monitor your SMSF investment portfolio
• Generate and run a pension from your super fund
• Plan for a tax-free retirement

Taking control of your super is easier than you think
Everyone wants to create a comfortable retirement, but navigating the ever-changing superannuation rules is enough to make anyone's head spin. Luckily, DIY Super For Dummies, 3rd Australian Edition, is packed with everything you need to confidently set up and manage your own self-managed super fund. Get your super working for you with this essential guide.

• Sort out your super needs -- decide if DIY super is right for you, understand how super works, and figure out your retirement target and how to make it happen
• Your DIY super start-up kit -- navigate the steps to SMSF start-up, including becoming the boss of your super
• It's your super money -- create an investment strategy and portfolio for your SMSF that creates wealth for your retirement
• Be a retirement superstar -- enjoy tax-free super benefits and pay no tax on your investment earnings
• Make the right super decisions -- develop a hassle-free plan for your financial future by being well-informed about your SMSF

Open the book and find:

• Tips to work out how much money you need for a comfortable retirement
• Where to get the right DIY super information
• How to set up and successfully run a SMSF
• Guidance on making super contributions
• Super's special investment rules you need to know
• Help with paying a tax-free pension from your super fund
• How your SMSF can help you look after your family

List of contents

Introduction 1
Part I: Taking Control of Your Super 7
Chapter 1: Is DIY Super Right for You? 9
Chapter 2: Understanding How Super Works 25
Chapter 3: How Much Super Is Enough? 45
Chapter 4: Counting On Super Contributions of All Sorts 57
Chapter 5: Getting the Right DIY Super Advice 79
Part II: Setting Up a DIY Super Fund 91
Chapter 6: How Much Does a SMSF Cost? 93
Chapter 7: Simple Steps to SMSF Start-Up 103
Chapter 8: Individual Trustees versus Corporate Trustee 117
Chapter 9: Trustee Declarations and Other Promises 127
Part III: Running Your Self-Managed Super Fund 139
Chapter 10: Finding a Fund Administrator, or Not 141
Chapter 11: Do the Right Thing - Compliance 149
Chapter 12: Act Like You're the Boss - Reporting 159
Chapter 13: It's Always Tax Time 169
Part IV: Investing Your DIY Super Money 181
Chapter 14: Exploring the World of Super Investing 183
Chapter 15: Super's Special Investment Rules 197
Chapter 16: Borrowing and DIY Super 213
Chapter 17: Investing in Property 223
Chapter 18: Investing and Super Tax 235
Part V: Paying Super Benefits from Your Fund 243
Chapter 19: Retiring is Just the Beginning 245
Chapter 20: Your Super and the Age Pension 259
Chapter 21: Running a DIY Super Pension 271
Chapter 22: Making Contributions while Taking a Pension 285
Chapter 23: Divorce and Your SMSF 293
Chapter 24: Looking After Your Family 299
Part VI: The Part of Tens 313
Chapter 25: Ten Special Features of DIY Super 315
Chapter 26: Ten Commandments of DIY Super 321
Part VII: Appendixes 329
Appendix A: SMSF Compliance and Administration Checklist 331
Appendix B: Handy Super Resources and ATO Publications 335
Index 343

About the author

Trish Power is an author, journalist and expert communicator. She is co-founder of SuperGuide.com.au, an independent and free website on superannuation.

Summary

Taking control of your super is easier than you think Now in its third edition, DIY Super For Dummies contains all the expert information and advice you need to confidently set up and manage your fund, navigate the ever-changing super rules, and invest your fund wisely.

Product details

• Authors: Trish Power
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Paperback / Softback
• Released: 31.05.2015
• EAN: 9780730315346
• ISBN: 978-0-7303-1534-6
• No. of pages: 376
• Subjects: Guides > Law, job, finance > Money, bank, stock market; Social sciences, law, business > Business > Business administration