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Ivan Filipovic

The “ins and outs” of SMSF Insurance

Many Australis donot pay attention to their insurance and hold the minimum super as provided by their employer sponsored funds. This can include automatic acceptance of options with no assessment of the personal situation of the individual and may or may not include life and TPD and income protection insurance. Many donot even know whether…

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Beginner’s guide to setting up a self-managed super fund

Self Managed Superannuation Funds (“SMSF”) has become the vehicle of choice in recent years particularly for “mum and dad” investors who are using their SMSF to buy direct real estate. Further, due to the increasing amount of knowledge of investors and lower costs to set up and run an SMSF and the continued frustration with…

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Tips and Traps of SMSF Property Development

As a property focused accountant, one of the most common questions I receive is whether you can engage in property development using a Self Managed Superannuation Fund (“SMSF”)  – the answer is yes you can! However you need to tread carefully to comply with Superannuation Law. Many of our clients have great experience with property…

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SMSF

Super reform is here….

The Senate has passed the key Bill that will give effect to the debated super reforms which will have a key impact on SMSF’s. What does this mean for your SMSF? The proposed changes from the 2016 Federal Budget have been watered down, however, Treasurer Mr Scott Morrison has stated the changes are the most…

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$500,000 Lifetime Non Concessional Cap Has Been Scrapped

The Federal Government has made significant changes to its superannuation reforms. They have scrapped the controversial superannuation $500,000 lifetime non-concessional contribution cap and replaced it with an annual limit of $100,000. This is a backflip from the position of the Federal Government pre-election and is designed to win over the back bench and the Senate to…

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Insurance Premiums – Stepped vs Level – What’s The Difference?

When considering whether to take out life insurance, income protection or trauma insurance it is important to understand the differences between stepped or level premiums to determine which is the best option for you, both now and in the future. Put simply, insurance premiums generally increase the older you get, as the more likely you…

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Budget delivered – Superannuation shake-up

The budget has been handed down and as suspected, Treasure Scott Morrison has handed down the biggest shake up in over a decade targetting high income earners. There are major changes for Superannuation Funds, particularly, those who utilise the contribution caps – both concessional and non concessional. The changes are hot off the press however…

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taking a smsf loan? We have a smsf checklist to help you

30 JUNE 2016 Year End SMSF Strategy Checklist

The end of the financial year is fast approaching us, so now is the time to think about key strategies for your SMSF before 30 June 2016. There is still time! Self managed superannuation funds (“SMSF’s) are about strategy. There are many SMSF strategies available which can be utilised to boost your retirement savings as…

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tax

SMSF TAX FACTS: PAY AS YOU GO (PAYG)

PAYG is a system for making regular payments towards your expected annual income tax liability for your SMSF and is applied after your first annual return is lodged. Your payments during the year are based on the previous year’s tax payable, and any amount paid is credited against the next years tax payable. PAYG are…

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Reserving Strategy – Double Your Contributions and Save Tax?

Contributions reserves have become more commonplace in recent years as SMSF members have become more aware of the tax benefits of the strategy. Let’s learn how to implement this awesome strategy pre 30 June as time is running out to take advantage of this awesome strategy. Contribution reserves are “suspense” accounts which can be used…

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