DIV296 The GREAT unrealised gain tax – The idea of taxing super balances above $3 million
You guessed it, another tax! This time the government is looking to tax unrealised gains – Yes – they will tax you on imaginary future…
SMSF Alert: Market Valuation of Assets is A Burning Concern on the ATO’s Radar
In the Self-Managed Superannuation Funds (SMSF) world, valuing assets at “market value” has always been essential to reflect the real value of the fund. However,…
SMSF Contributions Strategy 2024
The superannuation contributions caps for concessional and non-concessional contributions will increase on 01/07/2024 which is the start of the 2025 financial year. The government has…
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…