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| Superannuation Funds; ABC this may be one for you | |
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| Tweet Topic Started: Jun 2 2006, 10:56:55 AM (426 Views) | |
moneypen20
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Jun 2 2006, 10:56:55 AM Post #1 |
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Bond's Beaut Bombshell
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Can anyone give me some simple advice on starting a Super fund? Not working at the mo and have been advised that if I set up a fund before the end of June with at least $1000 or $1500, the goverment will put in another $1000. Just don't know how to go about it. Had a meeting with a guy from the Commonwealth but don't want to go with them, so am a bit stuck. |
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BIX
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Jun 2 2006, 10:11:27 PM Post #2 |
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Boner-fide Bonza Bloke
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http://moneymanager.smh.com.au/investing/g...id=SEM:GoogleMM |
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| ProofReader | Jun 2 2006, 11:01:26 PM Post #3 |
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Unregistered
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I would've thought this would be right up ABCD's alley! :o Super funds are, I believe, usually set up by way of a trust fund (unit trust, I think?) and would usually be done through either an accountant or a solicitor. |
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| ABCDiamond | Jun 3 2006, 07:16:52 PM Post #4 |
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Have you been working for an employer in the tax year ? If No, then forget it. You will be eligible for the co-contribution in a year of income if:
You do NOT need to set up your own fund, just pay into any commercial qualifying fund, commonly the same one that your employer has used for the compulsory super contributions. Eligible employment generally means anything resulting in you being treated as an employee. Amounts from eligible employment also includes some income of employees who think of themselves as being self-employed, such as those who run their business through a company and the company pays them salary or wages. You can phone the ATO information line on 13 10 20, if you need help in determining if amounts are attributable to eligible employment. |
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moneypen20
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Jun 4 2006, 12:18:19 PM Post #5 |
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Bond's Beaut Bombshell
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That'll be a no then :D Thanks for all that people. Looks like I can forget it until some kind person gives me the job I want :rolleyes: |
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BIX
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Jun 4 2006, 08:05:08 PM Post #6 |
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Boner-fide Bonza Bloke
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You can join my team anytime you want Penny :) |
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moneypen20
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Jun 5 2006, 04:06:13 PM Post #7 |
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Bond's Beaut Bombshell
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Do you pay travel allowance :D Is that the sum total of your much talked about harem? |
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BIX
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Jun 5 2006, 10:59:04 PM Post #8 |
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Boner-fide Bonza Bloke
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No, don't be silly. They are just the homehelp who look after the needs of my harem. You know everyday stuff like ironing, washing etc. You don't really think members of the harem elite wear as many clothes as them do you ? Travel allowance ? :scared: Next you'll be asking for zebra meat :scared: |
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moneypen20
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Jun 6 2006, 10:55:30 AM Post #9 |
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Bond's Beaut Bombshell
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You only have two homehelp - tight wad! What do you want me to do, run the Gold Coast branch - think I can manage that, say between 5:05 and 5:06pm :wink: What's the salary? Make it worth my while and we may have a deal :P |
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BIX
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Jun 6 2006, 07:59:39 PM Post #10 |
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Boner-fide Bonza Bloke
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Now I'm wondering why you already have so much time on your hands. :mischief: |
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moneypen20




BIX

10:54 AM Jul 11