This is an article that shouldn’t have to be written but with another incidence of devastating domestic violence on the news, it highlights the importance of having the money & resources to escape an abusive relationship. Let us start by reiterating; your safety is number one priority and no amount of saving is worth staying […]
READ MOREAustralian Bushfires – Summary of initiatives to help individuals affected
The ongoing devastating bushfires that has ravaged south eastern Australia will leave an everlasting scar on the Australian landscape. Below is a brief summary of initiatives that could help address some of the tax issues that the fires have caused. Australian Bushfires – Kangaroo hopping in front of flames in NSW. Photo credit: news.com.au Tax […]
READ MORETop 2 Reasons to Use a Corporate Trustee for Your SMSF
When managing a self-managed superannuation fund (SMSF), having a special purpose corporate trustee can provide significant advantages. The two main reasons for this are the protection it offers against major life events like death, divorce, and dementia, and the reduction in potential penalties from the Australian Taxation Office (ATO). A corporate trustee simplifies the process […]
READ MORESMSFs and Property Purchase through Non-geared Unit Trust
What are your options with purchasing a property with your SMSF? With the legislative restrictions and lack of competitive lenders, a limited recourse borrowing arrangement (LRBA) may not be the answer to all SMSF client prayers when looking to purchase larger assets in their SMSF. If you’re an SMSF Trustee, this may leave you wondering […]
READ MOREEqual Super equals Opportunities
The most common way of building your superannuation is through employer mandated contributions or superannuation guarantee charge (SGC). Therefore it is not uncommon for couples to have large disparity in their superannuation balances where one partner has continuously worked and the other has taken time from the workforce to care for children; or has worked […]
READ MOREHave Zombie’s stolen your insurance policy?
Do you have an Insurance Policy in your Superannuation Fund? Approximately 50% of Australians have multiple superannuation funds and therefore have duplicate insurances policies, informally know as zombie insurances. These double ups add up to an over payment of $1.9 billion! New legislation passed to protect your Superannuation The government has passed new legislation to […]
READ MORECan I renovate a property owned by my Super?
As a Self-Managed Superannuation Fund trustee, it’s difficult to know and understand all the rules around investing with your fund. The area of property investment can be very complex and many trustees are left wondering if they can renovate their property which is owned by their Super? Many self-managed superannuation fund (SMSF) trustees like and […]
READ MORESuperannuation – Your pot of Gold?
Whether it is for diversification, investment preferences, or the fear of the next global stock market and housing meltdown, a common client question is “can my Self-Managed Superannuation Fund (SMSF) invest in gold? If so, what are the rules?” Why would you want to invest in Gold? Your SMSF is usually your largest wealth creation […]
READ MORE