There’s been a lot of media in recent times about the growth in younger entrants to the Self Managed Super Fund market. Much of this discussion has come from the recently updated SMSF statistical summary published by the Australian Taxation Office. Is this simply a ‘spike’ in the statistics or is it a genuine trend in … Continue reading »
One of the conditions of meeting the definition of a Self Managed Super Fund is that trustees cannot be remunerated for their services. There is a need however to distinguish between services that may be provided as a trustee for which no remuneration can be provided, against services provided by an individual but not in their capacity … Continue reading »
In February this year, The SMSF Professionals Association of Australia (SPAA) in collaboration with Russell Investments published an inaugural annual study of self-managed super funds (SMSFs) based on an extensive survey of SMSF Trustees. The intention of the annual study is to understand trustee views on investing, Government regulation, financial advice and managing an SMSF … Continue reading »
Watching the current turmoil on the investments markets is a bit like watching a car crash (you can’t look away)… but in these troubled times, it is important to think about and strategies for members within a SMSF. In particular, one strategy allows for a member receiving a pension to capitalise on the current down … Continue reading »
A Happy New Financial Year to all my readers… To start off the new financial year with a bang, The SMSF Academy in conjunction with Business Fitness invite you to join us for a free webinar on the “Top10 SMSF strategies for 2011/12″. In this one (1) hour webinar, I will be going through the hottest strategies … Continue reading »
The Australian Taxation Office (ATO) has recently released their quarterly statistics on Self Managed Super Funds. Here are seven things that I’ve noted with the latest statistics: The average fund balance has grown to $965,931. I wonder when the $1 million mark with be reached? More than 850,000 Australians as SMSF members for the first … Continue reading »
I am pleased to announce the launch today of our new website, The SMSF Academy. You can click here to watch our introductory video to further understand what The SMSF Academy will be providing to SMSF trustees and advisors through ongoing web-based and face-to-face training. In addition to the launch of the site, I have … Continue reading »
The average SMSF in Australia has 1.8 members, with less than 10% having more than two (2) members within a Fund. It is this very reason why SMSFs are commonly referred to as “Mum & Dad” Funds. It is however becoming more common for SMSFs to be established with or include members under age 45. … Continue reading »