Redwood Advisory SMSF
There are a number of strategies available to SMSFs to benefit your retirement and importantly save tax. An important strategy we need to consider is salary sacrifice. Saving for a better tomorrow is the mentality of running a Super Fund. That is, we all want to live carefree and as prosperous as we can when…
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The financial year coming to a close another year in your SMSF journey. With each year, it gets more interesting, with the property market continuing to boom, and the government announcing a raft of changes to shake up the superannuation sector. These changes are going to take effect from 1 July 2017. SMSF Trustees need…
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Last night, Treasurer Scott Morrison delivered the 2017 Budget and this time Superannuation was not the headline. Instead the focus was on housing affordability measures and taxing the big banks. After the significant level of changes to the superannuation regime in 2016, it was to be expected that there would little more in the way…
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There are a number of trends and “news” impacting the future of the property market in Victoria including a focus on interest only loans, banks taking the “mickey” by increasing interest rates independent of the Reserve Bank, affordability of property with the median price of property in Victoria in excess of $800,000 and proposed changes…
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You have worked your bottom off for your adult life, hopefully built an awesome retirement nest egg and now wandering if its time to retire an drawdown on your Super. Unfortunately, the government has mandated when you can access your Super. Soits not as simple as just withdrawing from your SMSF, you must meet the…
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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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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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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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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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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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