You can cross-out cross member insurance for LRBAs
Professionals / SMSF / SMSF Strategy

You can cross-out cross member insurance for LRBAs

The concept of cross member insurance for individuals who have entered into a limited recourse borrowing arrangement to reduce or eliminate debt in the event of a member’s death was a popular strategy with non-tax dependant relationships within an SMSF.  This was because it provided a more palatable alternative, rather than a potential forced sale of … Continue reading »

Look ahead to plan your non-concessional contributions
Contributions / SMSF / SMSF Strategy / Trustee education

Look ahead to plan your non-concessional contributions

The use of the bring-forward rule with non-concessional contributions (NCC) has certainly been a popular strategy amongst self-managed super fund members, utilised extensively since 1 July 2007 with cash contributions, in-specie asset transfers and re-contributions.   Since the inception of these contribution caps, interestingly the non-concessional contribution cap has never indexed from its $150,000 limit, … Continue reading »

Join Aaron at the SMSF Strategy Days
Announcements / Professionals / SMSF / SMSF Strategy

Join Aaron at the SMSF Strategy Days

The SMSF sector represents one of the most exciting business growth opportunities for financial services professionals. Specialists who are engaged, educated, confident and compliant can tap into the growing demand for tailored SMSF advice. Now in its seventh year, the SMSF Strategy Day is the premier event for SMSF advice specialists seeking to grow their … Continue reading »

SMSF anti-detriment reserving strategy reborn?
Estate Planning / SMSF / SMSF Strategy

SMSF anti-detriment reserving strategy reborn?

The changes to excess concessional contributions from 1 July 2013 have certainly been a popular outcome for both professionals and individuals who have endured ECT breaches due to the ever-changing contribution caps. As is typically the case, legislative change opens new strategy doors, or in some instances, re-opens once popular strategies.  This is certainly the … Continue reading »

Building your SMSF social media strategy (Part 2 – Strategy & Implementation)
Professionals / SMSF / SMSF Strategy / Social Media

Building your SMSF social media strategy (Part 2 – Strategy & Implementation)

In Part 1 of building your SMSF social media strategy, we discussed the importance of laying the foundations.  Having identified where your clients are having conversations online, where and how your business or industry is discussed online, it is now time to develop and implement your social media strategy to build engagement with SMSF trustees. … Continue reading »

Building your SMSF social media strategy (Part 1 – Laying the foundations)
Professionals / SMSF / SMSF Strategy / Social Media

Building your SMSF social media strategy (Part 1 – Laying the foundations)

Putting together an online strategy to attract the growing number of self-managed super funds is a critical part of any SMSF business plan.  Industry research shows a continued trend with self-directed individuals moving towards SMSFs – these individuals have fairly clear direction themselves about investing and saving for retirement.  Much of their initial research is … Continue reading »

An election that can provide a better alternative
Pensions / Professionals / SMSF / SMSF Strategy

An election that can provide a better alternative

  Whilst we await the upcoming Federal election, an important election of a pension kind was confirmed as a result of the Commissioner’s final views as to when a pension commences and ceases. The ruling outlined circumstances that where a member wishes to partially commute their pension, a payment made as a result of the … Continue reading »

Is there still a need for reversionary pensions?
ATO / Pensions / Professionals / SMSF / SMSF Strategy

Is there still a need for reversionary pensions?

I’ve been a strong advocate for reversionary pensions for some time, in particular in light of the Commissioner’s initial views expressed within TR 2011/D3, which discussed when a pension commences and ceases.  My previous blog post back in September 2010, 5 key reasons why you must always have a reversionary pension set out my rationale why I … Continue reading »

It’s all in the timing leading up to 30 June
Contributions / Pensions / Professionals / SMSF / SMSF Strategy / Trustee education

It’s all in the timing leading up to 30 June

With the end of the financial year falling on next weekend, the week ahead is the last opportunity for getting contributions into your super fund, plus allowing for withdrawals to meet minimum pension obligations. For those wishing to make contributions into super, these amounts must be cleared within the fund’s bank account this financial year … Continue reading »