Redwood Advisory SMSF
A key objective of setting up an SMSF is to increase your retirement nest egg and to save tax. A key strategy is to maximise your super contributions and carry forward concessional contributions. However its tough to keep up with all the changes the government is making to taxation and SMSFs and therefore its important…
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During the COVID period, a popular SMSF strategy was to find a new expensive hobby and make your childhood dream and buy a classic car in your SMSF. A classic or collectable vehicle is classified by the ATO as a ‘collectable or personal use asset’. These also include precious metals, boats, wine and jewellery.…
read moreThis is a testing time for all of us, something none of us can say we have seen – the most challenging time economically since the great depression and since wartime. This crisis is having a major impact on our economy and our retirement as well as our health creating fear and anxiety from an…
read moreWHAT IS BEST FOR MY SMSF? When deciding whether an SMSF is right for you, you’re faced with your first question – is an individual or corporate trustee structure right for your SMSF? When setting up an Self Managed Superannuation Fund (“SMSF”), you must appoint either a two or more individuals or a company to…
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