Redwood Advisory SMSF
Property Spruikers have been around for a long time, and are more prevalent now more than ever. With the growth of Self Managed Superannuation Funds (“SMSF”), which control over one third of Australia’s almost $1.7 trillion Superannuation industry, SMSF Property Spruikers now have a new focus – mum and dad SMSF Investors. The rise…
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The key to utilising an effective SMSF strategy is understanding the tax benefits of SMSF. From investing in shares to borrowing to invest in property, utilising an SMSF can be a key vehicle to securing your retirement nest egg. A key strategy is SMSF contributions including type of contributions and the tax advantages including tax…
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Many SMSF members are thinking about setting up an SMSF to purchase SMSF Property. Once we let them know that you cannot purchase a beach house and live in it during the holidays, the discussion points to how to borrow to invest in SMSF Property and how to structure the SMSF Property in accordance…
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What is a ‘New Boomer?” it can be safely substituted for the description of the young or X generation aged under 35. SMSFs reached a major milestone with one million members recently representing approximately $530 billion of investments. The dynamic of SMSF members has changed significantly compared to just last year, according to an analysis…
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Self managed superannuation funds (“SMSF’s) are about strategy, and your strategy needs to be compliant with Superannuation Law. A sound SMSF strategy will ensure you achieve the maximum tax benefits for your fund and will improve your retirement balance in the long run. We have identified key strategies and compliance considerations for your in…
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The power of SMSFs was confirmed by March 2014 ATO data stating that Australia has notched up its one-millionth (“SMSF”) member. No longer can SMSF’s be considered a ‘fad’, it is most definitely real and its here to stay. There are now 1,006,970 members in SMSFs with assets of $558 billion. There has been…
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From 1 July 2013, where SMSF contraventions or non-compliance issues occur, the ATO has implemented a new Penalty Regime for SMSFs. In 2013 and previous years, the ATO had limited powers in dealing with a contravention including: SMSF is non-compliant Enforceable undertaking based on the contravention Apply for a civil (or criminal) penalty to be…
read moreMany self-managed superannuation fund (“SMSF”) investors are interested in smsf investing in overseas property and request information on purchasing a property in the United States (“US”) through their SMSF. This has been a popular strategy in the last 5 years with the global financial crisis and defaults on mortgages in the US resulting in ‘cheap as chips’…
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The Federal government announced that the date by which superannuation funds must comply with the SuperStream contributions data standards has been pushed back to 1 July 2015. The ATO will provide more information to industry through its regular consultative forums in the near future. Redwood Advisory welcomes the delayed SuperStream compliance date, particularly as…
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There has been significant interest from Self Managed Superannuation Fund (“SMSF”) investors in the national rental affordability scheme (“NRAS”), which is designed to encourage large-scale investment in affordable housing. The NRAS offers tax and cash incentives to providers of new dwellings on the condition that they are rented to low- and moderate-income households at 20%…
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