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Are you a property investor? Are you purchasing property in a Self Managed Super Fund (SMSF)?

If you are a property investor and you are investing in real estate then you should consider having more than one self managed superannuation fund (SMSF). In New South Wales the threshold for land tax is $432,000. That is for every dollar of land value over this amount there is 1.6% land tax plus $100 […]

Family Trust vs Self Managed Superannuation Funds (SMSF).

As a direct result of focus being placed on SMSF’s less attention has been directed to the merits of the family trust. Family trusts still provide tremendous flexibility as a vehicle for managing investment portfolios and family wealth. Rather than as a comparison to SMSF’s, the family trust compliments the SMSF. A family trust is […]

Self Managed Superannuation Fund (SMSF) and furnished apartments or holiday homes.

SMSF’s are allowed to borrow to purchase an investment property within their Superannuation Fund as long as they adhere to the provisions of Sect. 67A of the SIS Act. One of the many requirements of Section 67A (i) (a) is that the superannuation fund is permitted to acquire a single acquirable asset. An apartment, home […]

Planning for your future retirement

Planning for your retirement is very different from normal everyday financial planning. Common everyday financial planning involves planning to achieve our personal goals, such as, planning for an overseas holiday, a house or home unit, an investment property, upgrading to a bigger residence etc. Our personal goals are generally centred around our wants as opposed […]

Save fees and charges – Consolidate your Superannuation Funds

Based on report prepared by the Australian Taxation Office (ATO) 45% of Australians have two or more superannuation accounts. That amounts to approximately 6.3 million Australians. More disturbing is the statistics that there were 665,300 accounts that the superannuation fund has lost contact with the member. The ATO Assistant Commissioner of Superannuation, John Shepherd stated […]

Review your superannuation strategy.

Approximately 84% of Australians are retiring on $21,000 or less per year. The Association of Superannuation Funds of Australia (ASFA) states that for a comfortable retirement an Individual requires $42,604 per annum and a couple $58,364 per annum. The ASFA defines “comfortable” retirement as; “Comfortable retirement lifestyle – Enabling an older, healthy retiree to be […]