Financial Planning, Investment Advice, Investment advice, Self Managed Superannuation Many business owners struggle with whether to hold their business assets as an individual or as a company. However, for many reasons, holding assets in a Self Managed Superannuation Fund (SMSF) can be a better strategy. This strategy suits business owners who want to legally minimize […]
More and more Australians are not only considering managing their own superannuation but are deliberating whether to invest that superannuation into direct property. Ordinarily Australians considering purchasing property with their superannuation, whether commercial or residential, need to also consider borrowing monies in their superannuation as they do not have sufficient cash to purchase the property […]
At a recent presentation by the Assistant Commissioner, Superannuation in Melbourne he made the following comments; “During the past four years the number of SMSFs has grown rapidly. As at the end of June 2013, there were just over an estimated 509,000 funds, an increase of about 40,000 funds in one year alone.” […]
We are often asked what is a testamentary trust and will it be appropriate for me. A “testamentary trust” is a trust created by a will, where the will directs certain assets to be held in trust for the deceased’s children, spouse or some other person. That is a “testamentary trust” is a […]
In our Federal Budget analysis we summarise the key features announced on Tuesday. As widely anticipated, this year’s budget contained spending cuts, tax hikes and other measures to counteract the long-term effects of an ageing population. Treasurer Joe Hockey said that all Australians would be asked to help with the heavy lifting, and he delivered […]
If a business owner said to you that they run their business without a budget, what would you think? You’d think they were incompetent. Or perhaps lazy? Or both? But what do most families do? When you think about it, a family is actually a mini business. There is income, there are expenses and there […]
Whether you are in your 30’s, 40’s or 50’s now is the time to prepare for a comfortable retirement. Unfortunately we meet with a lot of people where time gets away from them and they leave the panning too late. Did you know; 1. That a male retiring at age 65 – will spend 23 […]
Based on the M.L.C. Quarterly Australian Wealth Sentiment Survey women are very concerned with regard to having enough money in their retirement. Men on the other hand are less worried about having inadequate funds in retirement but are more concerned about missing out on investment opportunities. Both genders appear equally concerned about savings […]
Purchasing commercial premises using your superannuation can be a financial rewarding investment strategy. By way of background, since the 1980’s people have been managing their own superannuation. Unfortunately, in the 1980’s the only investments were shares or cash. Not many investors had accumulated sufficient cash in their superannuation fund to purchase property, certainly not […]
When you establish a SMSF you need to decide on the trustee structure. You can choose from either of the following; up to four individual trustees, or a corporate trustee In the case of individual trustee of the Self Managed Superannuation (SMSF) there can be no more than four members and each member must be […]