Redwood Advisory SMSF
Self-managed super funds (“SMSF”) are the fastest growing part of Australia’s superannuation industry and are the preferred vehicle for professionals and business entrepreneurs. Australia’s Superannuation Industry is worth $1.6 billion dollars with over $550 billion represented by SMSFs. There is incredible growth in SMSFs for the following reasons: Control Tax effectiveness Potential cost savings Flexibility…
read moreOnce you set up a SMSF with Redwood Advisory, a key question is how much can I contribute to the SMSF. Super contributions fall into two categories: 1) Concessional Contributions: These are contributions where the person putting the money into the fund is claiming a tax deduction (concessional). They include: Contributions made by your employer…
read moreThe Redwood Advisory promise is to make taking control of your super easy through your SMSF. This article will highlight the keyconsiderations/ rules of witdrawing your benefits from an SMSF. A rule of thumb is that except in a special set of defined circumstances, such as severe financial hardship or permanent incapacity, you cannot withdraw…
read moreIf you carry on an enterprise, you must register for GST if your GST turnover is $75,000 or more. However, most SMSFs do not have to register for GST because most SMSFs mainly make input-taxed supplies, which do not count towards your GST turnover. Input-taxed supplies include financial supplies and supplies of residential premises by…
read more
Redwood’s trusted business affiliate ‘SMSF Property Capital’ introduces their new ‘Park Avenue’ development at 66 The Avenue, Peregian Springs QLD, which is a perfect opportunity to invest in Australian property safely with no debt. Occasionally we come across different products in the market, and after extensive due diligence, Redwood Advisory is happy to…
read moreDid you know that your SMSF balance can be used to borrow and invest in property? SMSF borrowing rules were revised to allow borrowing through your SMSF to invest in property, we would like to share with you some of the benefits of borrowing to invest in property through your SMSF. This article will focus…
read moreSince 2007, a Self-Managed Super Fund (SMSF) has been allowed to borrow money to acquire an asset through a Limited Recourse Borrowing Agreement (“LRBA”). These borrowing arrangements have often been used to borrow to acquire property through your SMSF. This includes land with the intention of developing it. There are many advantages in relation to…
read more