In 2013, 64,000 investors became a member of an SMSF. As the fastest growing sector in the super industry, advisors and regulators are establishing new rules to avoid mishaps which can cost thousands of dollars. From July 1, the majority of the SMSF sector must...
Any SMSF can be run as a segregated or un-segregated fund. Before starting an SMSF it’s important to understand the difference between the two as well as, the benefits of each one. Segregated funds If you run an SMSF with segregated funds, at least 2 asset pools...
A recent study says that SMSFs are taking the lead and outperforming industry funds. The Roy Morgan Research Superannuation Satisfaction Report of January 2014 found that SMSFs have 73.1 percent customer satisfaction followed by 54.4 percent industry funds and 52 percent retail funds. In the...
Before you start an SMSF, there are several different factors to take into consideration. A SMSF, gives you control and flexibility of your super investments. It’s an investment vehicle that can bring in positive results, but not everyone is ready to start an SMSF. That...
The 2014/15 financial year will finally see contribution caps increase from $25,000 to $30,000. This will outdo the temporary freeze which was implemented by the former Labor government. The Australian Taxation Office (ATO) has confirmed the increase and has updated its key rates and thresholds....
It's imperative that SMSF advisers know what is required for a document to be a valid deed. The success (and tax effectiveness) of every SMSF strategy and transaction plan depends on the trust deed containing appropriate provisions. Traditionally Deeds are intended to be a solemn...