This section is devoted to providing technical information, strategies, news and views of Self Managed Super Funds for accountants, financial planners lawyers and other SMSF providers.
The ability to borrow to acquire property within a SMSF using a Limited Recourse Borrowing Arrangement (“LRBA”) is experiencing exponential growth. This property acquisition strategy has been embraced not just simply by “Mum & Dad” SMSFs but is becoming increasingly popular with business “partners”. The prospect of acquiring property from which to operate a business, … Continue reading »
There were many people waiting with bated breath for this year’s Federal Budget to see if the Labor Government had any further ‘superannuation tricks’ up their sleeve to address what seemed an ever-growing budget deficit. After announcing a range of reforms on 5 April 2013 to appease much of the constant rumours of an attack … Continue reading »
The Government has moved quickly on their 5 April 2013 announcements to increase the concessional contribution (CC) cap, with Treasury releasing of an exposure draft (for industry consultation) which outlines details proposed increases from 1 July 2013. The increase in the CC cap is to be phased in, with an: increase to $35,000 from 1 … Continue reading »
There are a range issues for accountants to consider as they look to move into licensing to advise their SMSF clients. Whilst some may retain a ‘status quo’ until the removal of the removal of the accountant’s exemption from 1 July 2016, many are doing the training and education now, along with the necessary planning … Continue reading »
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 »
The growing interest of property investment within self-managed super funds has certainly extended to individuals looking to undertake some of the property improvements themselves to build retirement savings (e.g. builders). Recent discussion within the NTLG Superannuation Technical Sub-group (March 2013) looked at the issue of a related party undertaking improvements to a property at no … Continue reading »
Everybody’s appetite for risk differs. When it comes to superannuation, managing risk is typically isolated to death and disability. However, with the continued growth of superannuation, we have seen in recent years an increasing propensity for politicians to make change, ranging from contribution caps through to taxation on contributions and fund earnings. This continued uncertainty … Continue reading »
As the end of the financial year fast approaches, tax planning is an important consideration for SMSF trustees who are looking to maximise opportunities available within their self-managed super fund. Join Aaron for this one hour webinar, where he will discuss a range of tips and traps leading up to 30 June, along with some … Continue reading »
It was with much relief in the Mid-Year Economic and Fiscal Outlook (MYEFO) that the Labor Government responded to industry concerns raised about when a pension ceases at the death of a member. This announcement (currently as draft regulations) provided tax certainty for deceased estates, effectively continuing a fund’s tax exemption after the death of … Continue reading »
After speculation of changes to superannuation reached fever-pitch, we saw today the Treasurer, Wayne Swan and Minister Bill Shorten announce reforms to address issues of adequacy and sustainability for the long-term future of superannuation. It’s pitch was clear, fairer super for all Australians. It is important to remember, these are simply announcements to be delivered … Continue reading »