As a result of COVID-19 does your business need more cash to remain operating?

If your family business needs cash flow in addition to the withdrawal of the $10,000 per member in the 2020 and 2021 financial years, a Self-Managed Superannuation Fund (SMSF) can explore a related party transaction where the SMSF lends to the business an amount not exceeding 5% of the assets of the SMSF. The Superannuation […]

Four things to consider before closing your SMSF

Whilst Self-Managed Superannuation Funds (SMSFs) have numerous benefits including flexibility, choice and control over your investments, estate planning and tax management benefits. There eventually comes a time when the time and cost to manage the SMSF exceeds the perceived or actual benefits. The main reasons that people consider winding up their SMSF include: The members’ […]

Do you have an investment property – have your tenants asked for a rent adjustment?

If you are a landlord, consider these handy tips to minimise the financial impact during this difficult period. Talk to your bank.  You should consider discussing with your bank the terms of your loan.  For example, explore whether you can have your loan changed from principal and interest to interest only.  This will assist in […]

Looking to re-enter the stock market in these volatile COVID-19 times?

The Coronavirus is wreaking havoc globally at a frightening rate with stock markets experiencing unprecedented volatility. So when is a good time to buy shares in these unpredictable, uncertain and volatile times? The best time to buy shares is when the coronavirus and stock market panic has peaked. This hasn’t happened yet – the curve […]