Superannuation

Changing Trustees of an SMSF

Max Newnham - 8 Apr 2015

Trustees of SMSFs that were set up more than 10 years ago, that are now well into their 70’s, are realising that when one of them dies a bureaucratic and administration nightmare will be created for the surviving member. Under the SMSF rules there must always be two individuals appointed to act as trustees for an SMSF. There is the…

Read More...


Are SMSFs Losing Their Appeal?

Max Newnham - 26 Nov 2014

Research carried out by DEXX&R, an Australian financial services research house, appears to indicate that the dominance of the superannuation retirement income sector by SMSFs will decline over the next 10 years. DEXX&R recently carried out a detailed analysis of superannuation funds with accounts in the drawdown or pension phase. For the first time this research included self managed super…

Read More...


MySuper accounts

Max Newnham - 16 Sep 2014

These accounts are offered by both industry and commercial superannuation funds. They are more like deciding to take public transport, such as a bus, rather than owning your own car. They will be very cheap from an administration point of view. They don't have many options or features, you will not be doing any driving and in most cases not…

Read More...


Pension level depends on total asset value

Max Newnham - 9 Dec 2011

For many baby boomers the superannuation guarantee contributions made by their employers, although having increased their retirement savings, will have come too late and they will still need to depend heavily on the age pension to survive. The amount of pension they receive will depend on the total value of their assets, excluding the family home, or the amount of…

Read More...


Whatever the super changes, someone loses

Max Newnham - 2 Dec 2011

The unfortunate truth about Australian politics is that both major parties tend to look after their supporters with the most influence, sometimes to the detriment of others. For the Liberals big business gets preferential treatment, as was evidenced by its Work Choices legislation, while the Labor party supports the unions. The recent super changes introduced by the Labor party are…

Read More...


Life’s certainties: death, taxes and changes to super

Max Newnham - 1 Dec 2011

Over the past 28 years the one constant for superannuation has been change. It has unfortunately too often been viewed by governments as a cash cow that can be milked whenever it needs to balance the budget. The recent changes announced by the Gillard government have continued this tradition. In fact since 1983 the trend has been for the Coalition…

Read More...


Super levy rise a hefty price to pay, for some

Max Newnham - 11 Nov 2011

The passing by both houses of parliament of the carbon tax legislation has created a great deal of interest and controversy. By the responses received to last week’s news of the increase in the superannuation guarantee levy to 12 per cent, this move is no less contentious. Q. Has legislation also been passed to lift the tax rate to 18…

Read More...


Super contributions on the way up (hopefully)

Max Newnham - 4 Nov 2011

Legislation was introduced into federal parliament this week to increase compulsory employer super guarantee contributions from 9 per cent to 12 per cent. This will be done in small increments over the next seven years if the legislation passes both houses of parliament. As part of the legislation the current age limit of 75 for making super contributions would be…

Read More...


Supercharging your super with a transition pension

Max Newnham - 29 Oct 2011

There are many strategies that can be used to increase your retirement investments. One of them is to start a Transition To Retirement pension from a super fund and salary sacrifice extra super contributions. Q. I work full time and will be 65 next August.  My super company wants me to put most of my salary into super before I…

Read More...


It pays to know how your super fund rates

Max Newnham - 21 Oct 2011

Nearly all industries have some form of awards night. The TV industry has the Logies, the movie industry has the Academy Awards, and the superannuation industry has the fund of the year awards that were held on Monday this week. Given that all working Australians have contributions made on their behalf by their employers, and that if they want to…

Read More...


As seen in

Read Max Newnham's columns in the following Publications:
Sydney Morning Herald
Eureka Report
The Age Melbourne
Brisbane Times
The Examiner Hobart, Tasmania
WA Today, Perth WA
Professional Planner Australia