The Future of SMSF 2015 has arrived
Professionals / SMSF

The Future of SMSF 2015 has arrived

Be a part of the 2015 #FutureofSMSF survey, http://futureofsmsf.com.au Click To Tweet After a highly successful Future of SMSF report in 2014, I am pleased to announce the release of the 2015 survey which again will once again take a detailed look into the various business models within the SMSF industry and the way professionals service … Continue reading »

The SMSF industry today
ATO / SMSF

The SMSF industry today

Much is being said about the changing dynamics of the SMSF industry. In a recent speech by the Assistant Commissioner, SMSF Segment, Matthew Bambrick, he shared some interesting insights into the growth and ongoing change of the SMSF sector.  I’ve decided to share some of these insights in the infographic below: Continue reading »

What we learned from the 2015 Federal Budget
Federal Budget / SMSF

What we learned from the 2015 Federal Budget

Superannuation in recent times has been viewed as a hunting ground for revenue in the lead up to the Federal Budget.  This constant discussion by Government around equality in tax concessions and tinkering with super policy has without a doubt impacted on the confidence of many Australians looking to contribute to super to save for their retirement. … Continue reading »

Joe, what’s the cost of regulating the SMSF sector?
ATO / Federal Budget / Government / SMSF / SMSF Compliance / Trustee education

Joe, what’s the cost of regulating the SMSF sector?

We must be a patient bunch within the SMSF sector… it was some time ago now that the Federal Government decided not to proceed with a range of key measures that justified the increase in the SMSF Supervisory levy from $191 to $259.  Not only was there a significant increase in the SMSF levy to … Continue reading »

Will it be the banks (not Government) that put LRBAs to the sword?
Limited Recourse Borrowing Arrangements / SMSF

Will it be the banks (not Government) that put LRBAs to the sword?

As uncertainty remains with the direction of leverage inside superannuation, I was interested to read a recent decision by the National Australia Bank to ‘quietly’ exit the SMSF property loan space.  In recent times the Assistant Treasurer, Josh Frydenberg has indicated that limited recourse borrowing arrangements may survive, but in a revised form, with a … Continue reading »

Sole purposes spells trouble for SMSF buy-sell agreements
Professionals / SMSF / SMSF Compliance

Sole purposes spells trouble for SMSF buy-sell agreements

The use of a buy-sell agreement amongst business partners is an important tool to help govern the four “D’s” within business – death, disability, dispute and departure.  To help manage some of this risk, in particular around the death of a business partner, it is not uncommon for a SMSF to consider taking out a ‘buy/sell’ life … Continue reading »

Ten SMSF tax planning tips and traps
Professionals / SMSF / SMSF Compliance / SMSF Strategy

Ten SMSF tax planning tips and traps

As we move towards 30 June, our focus starts to turn to strategies and ideas for our SMSFs to try to capitalise on the many opportunities available before the end of the tax year.  Whilst there are a broad range of SMSF strategies available around contributions, pensions and more, it is equally important to ensure trustees and professionals don’t … Continue reading »

Could lump sum changes bring-forward your recontribution plans?
Federal Budget / Opinion / SMSF

Could lump sum changes bring-forward your recontribution plans?

It’s typically about this time of year where the Government of the day starts to test the public ‘mood’ pre-budget with various policies under consideration.  One that has gained some momentum in the past few days within the media has been a potential to limit lump sum withdrawals from superannuation. A recommendation from the Financial Systems Inquiry … Continue reading »

Why staple $5 to your new SMSF?
Professionals / SMSF / SMSF Compliance

Why staple $5 to your new SMSF?

Changes to the Australian Business Registry (ABR) registration process from 1 January 2015 has seen the Australian Taxation Office introduce new questions to ensure that an SMSF trust is first created prior to its registration with the Regulator. A super fund is a special type of trust – that is, it is required to be set … Continue reading »

Good to Great – Creating a great SMSF business
Opinion / Professionals / SMSF / SMSF Business Model

Good to Great – Creating a great SMSF business

I love going to events outside of my industry to not only improve myself, but to also look at what I can apply back into an SMSF sector than is fast becoming its own profession.  When I heard that this year’s Growth Summit event was to include the legendary Jim Collins, along with Verne Harnish … Continue reading »