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smsf

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 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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REDWOOD | COVID-19 UPDATE PROPERTY & LOANS

This 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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ATO letter on diversification of assets

SMSFs are beneficial for so many reasons including control, choice, flexibility and a concessional tax rate. I hope your SMSF is treating you well and you’re kicking goals and that you’re partnership with Redwood is also kicking goals. However, you may have received the fright of your life with a “threatening” letter from the ATO…

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Employer Contributions Tax & the ATO Supervisory Levy

Another year, another tax payable. WHY? Its extremely important to understand the key benefit of a SMSF and that is its concessional tax rate as compared to a members personal tax. Importantly its not all about a “tax refund” generally any losses are carried forward in the super environment. There will be on many occasions…

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LOANS: FIX THE INTEREST RATE OR NOT

WITH INTEREST RATES AT RECORD LOWS AND THE BANKS COMPETING FOR YOUR LOAN, THE KEY QUESTION ON EVERYONES MIND – IS IT THE PERFECT TIME TO “FIX” THE RATE OR LEAVE YOUR RATE AT VARIABLE? The Reserve Bank of Australia reduced the cash rate to a record low of 1% with two 25 basis point…

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SMSF Related Party Loans

SMSFs have enjoyed the ability to borrow to buy residential and commercial property since 2007. Its been an extremely popular strategy for mum and dad investors and “millennials” looking to increase their exposure to property with the booming property market in major capital cities. However, due to the Royal Commission and possible change of Federal…

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Can I use my super to buy a farm

SMSF are beneficial for so many reasons including control, choice, flexibility and a concessional tax rate. There are many strategies available to SMSFs including buying residential and commercial property. However a lesser known strategy is that a SMSF can buy a farm and lease it back to your business. The “farm” strategy is much like…

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When can I access my super?

You have worked your bottom off for your adult life, hopefully built an awesome retirement nest egg and now wandering if its time to retire an drawdown on your Super. Unfortunately, the government has mandated when you can access your Super. Soits not as simple as just withdrawing from your SMSF, you must meet the…

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The “ins and outs” of SMSF Insurance

Many Australis donot pay attention to their insurance and hold the minimum super as provided by their employer sponsored funds. This can include automatic acceptance of options with no assessment of the personal situation of the individual and may or may not include life and TPD and income protection insurance. Many donot even know whether…

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