Issues with diverting PSI income to an SMSF
Investments / non-arm's length income / Professionals / SMSF

Issues with diverting PSI income to an SMSF

The ATO has recently issued Taxpayer Alert, TA 2016/6 that highlights their concerns with individuals looking to divert personal services income (PSI) to a self-managed super fund.  The taxpayer alert describes the following type of arrangement below where individuals, who are also members of a SMSF purport to divert income from their personal services to … Continue reading »

SMSF Podcast Show – Episode #8
Investments / Podcasts / SMSF

SMSF Podcast Show – Episode #8

With online communities growing in popularity as a means to engage with like-minded individuals, it is expected that a growing number of self-directed SMSF trustees will engage within these peer-to-peer style communities on a range of strategic and investment decisions for their self-managed super funds. With only one in five Australian’s currently seeking financial advice … Continue reading »

Is investing in Grange good for your SMSF?
Investments / Professionals / SMSF / Trustee education

Is investing in Grange good for your SMSF?

The recent release of the 2008 Penfolds Grange is being regarded as one of the best ever!  Some wine critics have already scored the wine 100/100, with the increased demand seeing prices for a bottle at around $700. Could it be a an investment for your SMSF?  It certainly can, but there are a few … Continue reading »

Could there be light at the end of the tunnel for off-market share transfers?
Investments / Professionals / SMSF / SMSF Compliance / SMSF Strategy / Trustee education

Could there be light at the end of the tunnel for off-market share transfers?

In the lead up to Christmas, Treasury released an exposure draft of regulations to amend the existing related party acquisition rules for SMSFs – a direct result of a Cooper Review recommendation. The review found a lack of transparency on transfers (such as with listed shares) and recommended that any acquisition or disposal of assets … Continue reading »

ATO / Investments / Limited Recourse Borrowing Arrangements / Professionals / SMSF / SMSF Strategy / Trustee education

Alarms bells ringing with ATO around property investing in SMSFs

After only just discussing the regulatory focus by ASIC on SMSFs and property investments, we have seen further regulatory “alarm bells” ringing through the ATO’s release of taxpayer alert, TA 2012/7.  A Taxpayer Alert is an “early warning” of significant new and emerging higher risk tax and superannuation planning issues or arrangements that the ATO … Continue reading »

ATO / Investments / Professionals / SMSF / SMSF Compliance

New valuation guidelines for SMSF assets

The past week has seen legislation finalised regarding SMSFs requiring assets to be valued to their “market value” each income year, plus the release of valuation guidelines for SMSFs by the Australian Taxation Office.  The Stronger Super reforms originally recommended these changes to value assets to their “net market value” to better reflect the member’s … Continue reading »

Contributions / Estate Planning / Investments / Pensions / Professionals / SMSF / SMSF Strategy

Super strategies for Sugar Daddies and Cougars

While the terms “sugar daddy” and “cougar” can conjure up images of Hugh Hefner, Anna Nicole-Smith, Geoffrey Edelsten or Demi Moore (even Stifler’s mom for the American Pie fans!!), there are plenty of real life examples of  couples that need to plan for, and deal with, their significant age differences in planning for retirement. It … Continue reading »

ATO / Contributions / Investments / Professionals / SMSF / SMSF Compliance

Employee Share Schemes and SMSFs

Many public and private companies nowadays offer employees the ability to participate in their employee share scheme (ESS) providing employees shares, stapled securities or rights (including options) to acquire holdings at a discount as part of their employment benefits.  Typically, when these shares or rights are acquired under an ESS, they are acquired at less … Continue reading »

Investments / Opinion / Professionals / SMSF / SMSF Compliance

Net Market Value to provide problems for SMSFs

The recent draft regulations issued by Treasury to require SMSF trustees to value assets each year at their net market value (NMV) seems a logical step to ensure members have current and accurate information about their account balances, along with providing more useful and reliable data for comparisons across the superannuation sector. This recommendation, whilst good in … Continue reading »

Contributions / Estate Planning / Investments / Pensions / Professionals / SMSF / SMSF Strategy / Webinars

SMSF Year End Planning Webinar

As we approach the end of the financial year, it is important to focus on the various planning opportunities that are available for members of self-managed super funds.  As both trustees and the broader SMSF industry place a greater focus on the quality advice, being able to effectively deliver strategies in the lead up to … Continue reading »