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Consider a family trust as an investment vehicle

Many taxpayers and investors consider self managed superannuation funds as an investment vehicle of choice but few consider the merits of a discretionary trust or a family trust. What is a Discretionary Trust? A trust is essentially a structure where the “trustee”...

Increase in the number of SMSF trustee disqualifications

By way of background individuals seeking to provide for their retirement by utilizing a Self Managed Superannuation Fund need to follow the strict rules and regulations of the Superannuation Industry (Supervision) Act 1993 (SIS Act). It would appear from the latest...

New Penalty Regime for SMSFs from 1 July 2014

A new Penalty Regime for SMSFs will apply for contraventions that occur on or after 1 July 2014.   The new measures will provide the ATO, as the Regulator of SMSFs, with greater flexibility when dealing with a fund’s non-compliance with the law.   Where an...

Younger investors now entering the SMSF market

Super funds are no longer viewed as an investment vehicle for individuals either in or approaching retirement.  The next decade in the superannuation segment will be Gen X and Gen Y’s as they build for their retirement.   Australia is currently experiencing...

Lost Super

The Australian Taxation Office (ATO) advise that there is more than $14 billion in lost super waiting to be claimed.   The Australian Commissioner, John Shepherd, advises that the main reason for the lost super was because many of the superannuation accounts have...

Growth of Self Managed Superannuation Funds (SMSF)

The latest statistics from the ATO statistical report for June 2014 indicate; 1. The number of SMSF’s have increased to more than 534,000. An increase of over 6%, 2. The total asset of all SMSF’s are estimated to total more than $557 billion. An increase of 12.5%. 3....
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