Redwood Advisory SMSF
The consideration of insurance is super is an important decision for all members – and an important consideration of cost vs benefit. Insurance are one of those products that helps us sleep at night. By purchasing insurance, we protect ourselves and our families by averting monetary risk at times of financial loss or when if…
read more
SMSFs are beneficial for so many reasons including control, choice, flexibility and a concessional tax rate. I hope your SMSF is treating you well and you’re kicking goals and that you’re partnership with Redwood is also kicking goals. However, you may have received the fright of your life with a “threatening” letter from the ATO…
read more
Everyone has different goals in life. But whatever your goals, getting advice from a qualified financial adviser will help you articulate your plan and can help you achieve your goals – soon. It’s not just about planning for the future either. A financial adviser can help adjust your current situation as well as preparing you and…
read more
It is always interesting to see far SMSF’s have come over the years. To help us, the ATO has given us insightful statistics to shed some light on SMSF’s in our current day – which has been shown below. Interesting topics worth noting are that the Majority of SMSFs (57%) have a Corporate Trustee. Furthermore,…
read more
Every SMSF must a functional bank account. It is just one of the many compliance RULES of running a SMSF. A bank accounts purpose is to receive rollovers, contributions, receive income, pay expenses and-at retirement-will eventually pay your pension. At Redwood, we have found that Macquarie offer a Cash Management Account (CMA) which is second…
read more
Another year, another tax payable. WHY? Its extremely important to understand the key benefit of a SMSF and that is its concessional tax rate as compared to a members personal tax. Importantly its not all about a “tax refund” generally any losses are carried forward in the super environment. There will be on many occasions…
read more
You have just applied for a Macquarie Cash Management Account (Macquarie CMA) for your SMSF. Shortly, you will receive an email from Macquarie requesting your authorisation to establish your new Macquarie CMA. Please review the application and ensure that all prefilled information is correct, using the link provided. This is then to be submitted by…
read more
To provide our clients with a premium service, Redwood Advisory has proudly introduced DocuSign for our clients to: view, sign and return documents; in an easy, secure and efficient way! What is DocuSign? DocuSign is an e-signature service provider that allows its customers to view and sign their documents anywhere, anytime either on their laptops…
read more
In setting up and running a Self Managed Superannuation Fund (“SMSF”), its important to ensure that you have the key ingredients to success including financial advice, Trust Deed and an Investment Strategy. However, what about death and incapacity, how can you take care of your loved ones? In a ‘Will,’ we outline our wishes for…
read more
After working so hard all your life, you begin to wonder when you can access those super benefits you have been saving all these years! There are rules and regulations of when you can access your super benefits but generally when you reach the age of 65 you are able to withdraw your money with…
read more