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smsf

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CAN I REFINANCE A SMSF LOAN?

An SMSF can refinance an existing SMSF loan. This is beneficial for Limited Recourse Borrowing Arrangements (“LRBA”) entered into many years ago where interest rates were higher with less SMSF lenders in the marketplace. Currently, SMSF lending is competitive with many if not all lenders offering a SMSF Loan product. After all, SMSFs is a…

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SMSF LOANS AND BENEFITS OF AN OFFSET ACCOUNT

To the knowledgeable SMSF investor, an offset account is a ‘must-have’, both inside and outside of super. An offset account is a valuable feature of a SMSF loan. This is due to the fact that SMSFs generally hold a reasonable proportion of cash within the SMSF, either for a ‘rainy day’ or thinking about your next…

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saving for a deposit is easy with a smsf loan

SMSF INSURANCE – PREMIUMS ARE DEDUCTIBLE

The number of SMSFs is increasing with over one million members and 3600 SMSF’s established per month. However, many SMSF members fail to understand the importance of SMSF insurance. The first consideration in starting an SMSF is “is an SMSF right for me?” and if yes, an SMSF is established. Many SMSF investors are quick…

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rolling over super could save your piggy bank

HOW TO ROLLOVER INTO YOUR SMSF QUICKLY AND EASILY

A key part of the SMSF establishment process is rolling over your superannuation balance from your industry/ retail or employer sponsored fund to your Self Managed Superannuation Fund (“SMSF”). If performed incorrectly, this can become a frustrating and timely process. A similar process is followed by most funds, which will include a rollover form, certified identification and a compliance…

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trust me im a property spruiker

HOW TO SPOT A SMSF PROPERTY SPRUIKER

  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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2014/2015 SMSF STRATEGY: CONTRIBUTION CAPS

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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SMSF MEMBERS ARE YOUNGER AND INVESTING OVERSEAS

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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one million SMSF in Australia

ONE MILLION AUSTRALIAN NOW IN CONTROL THROUGH SMSFS

  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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clock is ticking for super stream

Superstream Extensions For SMSF’s

  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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