#smsf — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #smsf, aggregated by home.social.
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SAR lodgement due 31 October. If you haven’t lodged previously or you failed to lodge on time previously this is your date. You need to have it audited. #smsf #superannuation #ato
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Reading all these things about #superfunds, #beneficiary #claims #payouts etc I feel glad we have #smsf. Only if one of the #trustees becomes an ar&ehole will this be a problem. My husband has been warned. War of the Roses are nothing compared to what we could do to each other. I love him. 😍
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I run a #smsf. I have done so for 5 years. My husband persuaded me to do it. It is a lot of work but I have learned a lot about the stock market. I’m proud that we are about to hit $1M. We have done very well out of the mess #trump has caused, probably because I worked out years ago the effort of investing in the USA isn’t worth it.
If I can look at this tax and go meh 99% of Australians should. That is how many will not reach $3M. This tax doesn’t go far enough in fixing up inequality but it is a step.
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Chalmers says Labor will push ahead with delayed super tax plan despite Spender urging rethink #tax #tommicilroy #economics #smsf
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Review of #UPbank.
My husband and I have got rid of our mortgage and our usual bank has been bought out by #anz so we decided we wanted to have fun.
Looking around we discovered #UpBank. We do have quite a bit of savings so I thought I should do my homework. There were several things:
1. They are a youth version of banking backed by the Bendigo and Adelaide Bank.
2. The website is very colourful and flashy so had to check everything out.
3. There were mixed reviews online. People who said it was great, people who hated it.So we thought why not and OMG is it fun.
My husband and I created our own Up accounts and then created a joint 2Up Account. Debit card numbers supplied with all.
Every transaction we get pinged on so we both know when money is coming in and out…so much better than our previous bank. Also I have had Commbank accounts prior to #suncorp and my #SMSF is in #westpac, chinese walls and all that. None of these big banks thought joint account owners should be told when money is moving around.
So any bill I set up to be paid my husband knows it is paid and won’t nag me later to ask if it is paid. Bliss.
The savings tool in Up is ….I’m going to say…awesome. So much fun. I’ve set up all sorts of buckets for different reasons. As interest rates are a joke I really don’t care whether theirs is more or less than someone else’s. In my financial brain they are about right.
The app is very easy to use…..but I like playing with apps, I don’t think I would put my 80+ year old parents on it.
We got our daughter to set up one as she will be boarding next year in another state and we wanted something that she could work with. She was always having problems with the stodgy Suncorp App.
Don’t think #Upbank is laps on security. I got put on hold when trying to, stupidly, transfer money to my husband. I hadn’t yet got my head around how easy this thing was and did something dumb. After a couple of hours, with passport photo check on New Year’s day, all was sweet.
You don’t have to get a debit card printed…they are using all wallet functionality and I always forget to have the card on me….I wish the state governments would hurry up with drivers licences.
If you like to hold a debit card in your hand you get one provided. Your choice.
So to summarise:
* getting rid of my credit card (yah!)
* moving my company to the stodgy version of Bendigo and Adelaide Bank because you know companies can’t have good communication fun.
* Setting up my 12 year old on B&A Bank as he isn’t old enough to join #upbank yet.* still having fun transferring my money over from my old bank to Up. I am taking it slowly and checking everything and slotting the money into appropriate savings groups.
* I get insights so I can see where the money is being spent.
* I open up my savings so I watch the money splash around. Never get tired of it. -
Crypto is the ‘largest growing’ asset class in Aussie DIY pensions - Australians are increasingly adding cryptocurrency to their “self-manage... - https://cointelegraph.com/news/australia-self-managed-retirement-funds-increase-crypto-holdings #selfmanagedsuperfund #retirementfund #pensionfund #australia #crypto #smsf #tax
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In #Australia we can manage our own superannuation funds with an #SMSF.
Okay, now this: #SMISP, or Self Managed Internet Service Providers.
Ha