Insight Super (Self Managed Super Fund Specialists) in Brisbane, Queensland, Australia | Business service

Insight Super (Self Managed Super Fund Specialists)

Locality: Brisbane, Queensland, Australia

Phone: +61 7 3808 9990

Address: 3/35 Vanessa Blvd 4127 Brisbane, QLD, Australia

Website: http://www.insightsuper.com.au

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24.01.2022 Our offices will be closed from Friday 21 December 2018 and we’ll be back refreshed and relaxed on 07 Jan 2019. Wishing you and your family a safe and happy Christmas and New Year break. Make 2019 the year to fix your super. From Brisbane’s SMSF Experts

19.01.2022 The odd, the strange and the shocking. Would you believe that SMSFs have invested in these assets? https://www.smsfadviser.com//17275-fresh-analysis-reveals-

16.01.2022 Read our new article about spouse super balances and evening up the gap. https://insightsuper.com.au//spouse-super-balances-mind-th

11.01.2022 Important Changes are happening to Insurance in Super Funds from 1 July 2019: In February this year, the Government passed legislation which prevents trustees of APRA-regulated funds from providing insurance to members with inactive superannuation accounts, unless a member has directed otherwise. It is common practice for many individuals for an SMSF to also have a secondary APRA-regulated fund which provides them with insurance.... This may be done for two key reasons: To access insurance policies provided through large superannuation funds which are often cheaper. To keep legacy insurance policies which may offer better benefits or lower premiums than new policies, especially for older members. In these circumstances, it is most likely that people holding these polices through an APRA-regulated super fund will consider that their SMSF is their primary superannuation account and therefore receives all their contributions and roll-overs. It is usually the case that people will leave enough money in their APRA-regulated fund account to cover the cost of insurance premiums. Where required they may rollover funds from their SMSF to their APRA-regulated fund or make a contribution to pay for insurance premiums and administration fees to keep their insurance policy. Under the new legislation, you now may lose your insurance cover if your APRA-regulated fund is considered inactive because it has not received a contribution or a rollover for a continuous period of 16 months. At 1 July 2019, if your APRA-regulated fund is considered inactive for 16 months your insurance will be terminated. We are concerned that insurance will be unknowingly closed for these accounts because members have not checked their correspondence, especially for those who rely on this insurance held separately. This could have a devastating impact on policy holders or their beneficiaries if their insurance cover was unknowingly terminated. Furthermore, it may be extremely difficulty or costly to try and access insurance at a later stage of life. So what can you do? It is important that if you wish to maintain your insurance cover that you take necessary steps as soon as possible. This includes either: Providing a direction to your APRA-regulated fund that you wish to ‘opt-in’ for your insurance cover to be maintained. Making a contribution or rollover to your ‘inactive’ APRA-regulated fund so that the period for which your fund starts to be inactive is reset. However, it is stressed that you also ‘opt-in’. If you would like to discuss further, please don’t hesitate to contact our office on (07) 3808 9990.

11.01.2022 A great way for over 65s to top up their super: https://www.insightsuper.com.au//downsizer-contributions-a