Redwood Advisory SMSF
There has been significant press around Self Managed Superannuation Funds (“SMSF”) and Australian Property investment recently. It is arguable that every bank is jumping on the SMSF Property bandwagon with every bank now marketing a SMSF loan product. Regardless of whether you choose to use a third-party loan, a related party loan, or a combination…
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Many self-managed superannuation fund (“SMSF”) investors who borrow through their SMSF (SMSF loan) ask the question of what constitutes a “single acquirable asset”. SMSFR 2012/1 released by the ATO provides 15 examples of what constitutes a single acquirable asset. Under limited recourse borrowing (“LRBA”) rules, SMSFs are required to enter a separate lending arrangement for…
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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. A key part of the SMSF establishment process is rolling over your superannuation balance from your industry/ employer sponsored fund (i.e. Australian Super/ MLC etc.) to your Self Managed Superannuation Fund (“SMSF”). This article will highlight the key steps…
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 moreLike other taxpayer entities, a complying SMSF is entitled to deduct from its assessable income any losses or outgoings that are: • incurred in gaining or producing assessable income • necessarily incurred in carrying on a business for the purpose of gaining or producing such income. Expenses that a complying SMSF can deduct include: •…
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…
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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…
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