What changes to the off-market transfer of shares mean for your SMSF
For self-managed superannuation fund trustees there is an important change looming that needs to be considered. Acting now could save members hundreds or perhaps thousands of dollars in brokerage fees, say advisers.
The dangers of investment seminars and investing in property with your SMSF
Investors are unwittingly footing the bill for lawyers and accountants – and possibly fines from the Australian Taxation Office – at “free lunch” seminars on how to get rich quick using their SMSF to buy property.
How to find the best retirement vehicle
With people living longer, it’s crucial to map out financial goals. The questions: “Just how much do I need to save for a comfortable retirement and am I on track to get there?” cannot be answered before knowing how much income is likely to be needed in retirement.
The most cost-effective way to retire if you have lots of shares and other assets
If you have $1.5m or so in blue-chip shares and own your home, how can you be sure of a steady, reliable income while saving on financial adviser fees?
What to do if something happens to a key member of an SMSF
Before entering into a geared property strategy in particular, DIY fund trustees should consider how their fund would deal with the death, disability, default or divorce of a trustee, especially if the fund is dominated by an active member.
Is it possible to retire with a geared property in your SMSF?
A reader asks how the addition of a geared property might affect his plan to retire in a year from now, while his fund still owes a fair amount on the property.
The problems with buying property in your SMSF
If you’re thinking of subscribing to the latest investment trend, think twice. Property held inside an SMSF can be a good investment if done properly. But the hard sell from unlicensed property investment schemes is causing concern among regulators.
What to do with an SMSF after a Family Court order
If an SMSF with two members has transferred a fixed sum to one member under a Family Court order arising from a divorce and there is a modest credit balance left in the fund, how should this be treated?
What happens to an SMSF when a de facto relationship ends
Couples’ separation has a big impact on joint self-managed superannuation funds, with fairness the main principle in splitting them.
Is cloud computing any good for your SMSF?
Administration of SMSFs has reached a crossroads, and what might be right for a financial planner or accountant is not necessarily in the trustee’s best interests – especially when it concerns the cloud.
What to do for the SMSF changes on July 1, 2013
A raft of changes for self-managed super funds will come into effect on July 1, 2013, but the general view is that the changes are sensible, and have been designed to avoid imposing unreasonable administrative burdens.
How to terminate a unit trust in your SMSF
When SMSF assets are held in a unit trust there are a couple of ways in which the trust can be terminated and the assets released.
How to get active in your SMSF
Self-managed super fund trustees can greatly benefit from actively managing their fund. Diversification is key, as are regular reviews and rebalancing when necessary.
Strategies to help top earners maximise their retirement income
Top-rate taxpayers on about $300,000 a year can usually afford advisers to nimbly negotiate their way around the taxation system but often fail to make the most of concessions and strategies available to maximise their pension.
What are the alternatives to an SMSF?
While one of the long-standing characteristics of self-managed (do-it-yourself) superannuation funds is the scope to be a direct investor, there are also public funds that offer their members the ability to directly and cost-effectively invest in shares, listed managed funds and term deposits.
Why your SMSF needs a power of attorney
Trustees who ignore establishing power of attorney in the event of their incapacitation run the risk of their SMSF being frozen.
How the self-employed can contribute to their SMSF
A reader, who expects to become a self-employed soon, asks about his scope to make tax-deductible contributions into the self-managed super fund that he proposes to transfer the super he has with his (soon-to-be-former) employer into.
How to reduce your SMSF tax with self-funded instalment warrants
A self-funding instalment warrant, which allows investors to loan a certain amount of shares in addition to those paid for, while receiving the full amount of franking credits associated with the shares.
Should you top up your super?
The government wants you to save now to help relieve pressure on the aged pension system in the future. But is that the best course of action?