SELF MANAGED SUPERANNUATION

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SELF MANAGED SUPERANNUATION

Justin Toomey • May 2, 2012

Are you frustrated by the returns that your Superannuation has been getting in recent years??

Have you ever wondered who make the decisions on how your retirement fund is invested??

Did you know that you can take control and make your own decisions??

More and more people are now turning to Self Managed Superannuation Funds. You take control and invest for YOUR retirement the way YOU want to. This can even be as simple as leaving all your money in Bank Deposits if you don't like the risk of your fund balance going backwards, or you can invest in shares or even a rental property.

The other common misconception is that you need to be in your own business or have millions of dollars to have a SMSF, this couldn't be any further from the truth. Almost anyone can switch to a SMSF if they wish.

If this sounds like something that you might consider, then why not contact us at GMG Financial Group for an appointment and we can discuss your situation in more detail and get you the necessary financial advice you require to make the decisions about how to best invest your Super.

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COVID-19 Stimulus Package - Coronavirus Income Support Supplement Payments

By Daniel Mangiameli • March 24, 2020

A $550 fortnightly Coronavirus supplement, to commence from 27 April for an initial six month period, will be paid to eligible recipients. Eligibility Permanent employees who are stood down or lose their employment, sole traders, the self-employed, casual workers and contract workers. This payment is in addition to the JobSeeker Payment under expanded accessibility Existing and new recipients of the JobSeeker Payment, Youth Allowance JobSeeker, Youth Allowance Student, Parenting Payment, Farm Household Allowance, Special Benefit If you're already receiving one of the welfare payments listed above, you don't actually have to do anything. Services Australia will automatically pay the Coronavirus Supplement to eligible recipients each fortnight. If you're not currently receiving welfare, you'll need to apply online at MyGov using a Centrelink account or contact Services Australia by phone. If you require further information on any of the above, require assistance in working out your eligibility or h

COVID-19 Stimulus Package - Apprentices & Trainees

By Daniel Mangiameli • March 24, 2020

In line with the second economic response package, the federal government is supporting small business to retain their apprentices and trainees. Wages subsidies will be paid to eligible employers equal to 50% of their apprentices/trainees wages from 1 January 2020 to 30 September 2020. Employers who are eligible will be reimbursed up to a maximum of $21,000 per apprentice/trainee. Eligibility The subsidy will be available to small businesses employing fewer than 20 full-time employees who retain an apprentice or trainee as at 1 March 2020. Has re-employed a displaced apprentice/trainee, who was employed by a small business at 1 March 2020 but who has since been released from their apprenticeship/traineeship by their employer. Employers will be able to access the subsidy after an eligibility assessment is undertaken by an Australian Apprenticeship Support Network (AASN) provider. Employers will be able to access the subsidy after an eligibility assessment is undertaken by an Australian