Dividend washing strategy hung out to dry
SMSF

Dividend washing strategy hung out to dry

Double franking credits from dividends in listed Australian companies sounds to go to be true? Well, that’s certainly what the Australian Taxation Office (ATO) now thinks having issued draft tax determination, TD 2014/D1, which considers the application of Part IVA to such dividend washing schemes.  In formulating the draft determination, the Commissioner has indicated by … Continue reading »

Is SMSFs the disruption the super industry had to have?
Opinion / SMSF

Is SMSFs the disruption the super industry had to have?

In the past few days we’ve seen commentary from the ‘other side of the fence’ about the supposed perceived risks of the SMSF sector, including union heavyweight Paul Howes (National Secretary of the AWU) chiming in with an article in the Australian Financial Review (AFR) about the ‘heady mix of super and property’.  This was … Continue reading »

SMSF Webinar | The focus on SMSF borrowing
SMSF / Webinars

SMSF Webinar | The focus on SMSF borrowing

The topic of SMSF limited recourse borrowing arrangements is capturing the attention of the financial services industry and appears to a driver in the current growth of self-managed super funds. This interest certainly hasn’t gone unnoticed by the Regulators, with both Australian Securities and Investment Commission (ASIC) and Australian Taxation Office (ATO) also playing a … Continue reading »

Total hysteria with SMSF limited recourse borrowing?
Limited Recourse Borrowing Arrangements / SMSF / SMSF Compliance

Total hysteria with SMSF limited recourse borrowing?

It’s hysteria like we’ve never seen before with self-managed super funds… property investment is rampant; every man and his dog (I’m not sure the dog can be a trustee by the way) is borrowing within a SMSF to acquire property.  This is creating a housing bubble, over inflating prices in the residential property market (in … 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 »

INFOGRAPHIC: The latest stats show no stopping SMSFs
ATO / SMSF / Statistics

INFOGRAPHIC: The latest stats show no stopping SMSFs

We’ve seen this week the release of the June 2013 SMSF statistics from the Australian Taxation Office (ATO). I’m a ‘visual’ person when it comes to statistics, so I’ve put together an infographic that outlines some of the headline numbers and trends with the self-managed super fund sector’s continued growth. Continue reading »

Commissioner finalises ruling on when a pension commences and ceases
ATO / Pensions / Professionals / SMSF / SMSF Compliance

Commissioner finalises ruling on when a pension commences and ceases

It’s been a marathon, not a sprint when coming to the finalisation of TR 2013/5, which explains the Commissioner’s views from an income tax perspective about when a pension commences and ceases.  After the issuing of the draft ruling in July 2011, the industry has waited (and waited) to resolve a range of important issues … Continue reading »

The SMSF changing landscape… or is it?
ATO / Contributions / Professionals / SMSF / SMSF Compliance

The SMSF changing landscape… or is it?

The dawn of a new financial year.  Trying to keep pace with legislation in recent times has been some what challenging, with many reforms being pushed through before Parliament officially wound-up last week.  Unless Kevin “2.0” Rudd intends on changing the election to a later date, we have now seen the last sitting day until … 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 »