Redwood Advisory SMSF
For the last few years – there has been a buzzword in the SMSF landscape – “Crypto/ Bitcoin”. Recently the ATO issued guidance on navigating the crypto puzzle for SMSFs and disclosing the shocking increase in total SMSF holdings in cryptocurrencies to over $1.675 billion in 2025. Over the last few years we have seen…
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Winding up an SMSF can occur for a number of reasons from i’m over the burden and responsibility of SMSFs, failing health, disagreement/ separation of members and in the worst case your fund is non compliant and the ATO has directed you to wind up the fund. Wind up considerations There is a heap of…
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When SMSFs borrow to buy property under a Limited Recourse Borrowing Arrangement (LRBA), its always confusing which name is on the expenses and agreements. Its important to know that the property under a LRBA is registered or titled in the “Bare Trustee” not the SMSF and not your personal name. So if the property is…
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On the 3rd February, struggling Aussies were stung with another 0.25% interest rate rise due to higher than expected inflation at 3.8% outside the 2-3% target range. This has left many scratching their head – fooled by the most recent interest rate cut (pre-election), where inflation was outside the target range. This leaves many questioning…
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The much talked about “Division 296” draft legislation has been released and was sent for feedback just before Christmas, likely to minimise critical responses. Key points for consideration are included below: Unrealised gains tax dropped Unrealised gains will no longer be taxed. This was criticised by many and loved by no-one so its not a…
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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 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…
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SMSF Property Investors – Don’t overlook the benefits of Property Depreciation Schedule The question of SMSF Depreciation comes up a lot with our clients. Redwood Advisory encourages clients to obtain a SMSF Property Depreciation Report to claim deductions where possible. Which expenses can I claim? SMSF Properties are entitled to claim depreciations when they complete their…
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Borrowing in superannuation was introduced in 2007, for the right reasons to allowing flexibility and control for Australians to build wealth and create financial freedom – in the long term to benefits the retirement of Australian. Mr David Murray has released the “Financial Systems Inquiry” (“FSI”), a 320-page report which provided 44 recommendations. We will…
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