SMSF LRBA INTEREST RATE HIKE
One of the key strategies of SMSF is to invest in direct property. While some SMSFs may have sufficient funds to purchase a property in…
SMSF Illegal Access to Super
SMSFs need to be aware of a key requirement of running an SMSF – you cannot withdraw from your fund unless you meet a condition…
Maximising Superannuation concessional and carry forward contributions
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…
CLASSIC CARS IN YOUR SMSF
During the COVID period, a popular SMSF strategy was to find a new expensive hobby and make your childhood dream and buy a classic…
Benefits of Financial Advice
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…
Here are the steps BEFORE you set up an SMSF
One of the most important financial decisions is what to do with your hard earned superannuation and with 1.1 million Australians choosing a SMSF its…
Six member SMSFs
From 1 July 2021, self-managed super funds (SMSF) and small APRA funds (SAFs) will be able to have up to six members – increasing from…
Contribution caps to rise from 1 July 2021
Some good news for SMSF members is that concessional and non concessional contribution (NCC) caps will increase from 1 July 2021. Indexation will result in…
LRBA borrowings by the bare trustee
For some time I have been working to find a better way to borrow in a Self Managed Superannuation Fund avoiding the penalty interest rates…
REDWOOD | COVID-19 UPDATE
This is a testing time for all of us, something none of us can say we have seen – the most challenging time economically since…