It has been a while since we last wrote about self-managing your super. Self-managing super can be a lot of fun and, if done well, can be very cost-effective as well. So, this week, we thought we would take a quick look at expenses that an SMSF can and cannot pay for.
Until now, salary sacrifice has been one of the only ways that an employee can make an extra tax-advantaged contribution into their super fund. But that changed on 1 July 2017. Now, almost everyone can make additional contributions without their employer even knowing – which might come in handy next time you ask for a pay rise!