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News & Articles on Finance & Business, Accounting, Taxation, SMSF & more

What You Need to Know Before Starting an SMSF

Are you one of the many Australians who are looking beyond industry and retail superannuation funds for a better long-term outcome regarding your retirement savings? Then you may be interested in starting your own self-managed superannuation fund (SMSF). You probably already know that superannuation is an excellent vehicle for saving for retirement. It offers generous tax incentives to encourage people to think ahead, rather than relying on the aged pension. Establishing your own fund means making your own investment decisions,

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How To Have Your Own SMSF And Not Lose Any Sleep

17/12/2016 by Lavina Webb Over the last five years in Australia, the number of SMSFs (self-managed superannuation funds) has grown by 27% and the latest figures show that there are almost 600,000 SMSFs managing $624 billion or 30% of all superannuation. The other 70% or $2.11 trillion is invested in professionally managed superannuation funds. These funds are the default funds for compulsory superannuation contributions, with some performing better than others over the last ten years, but all having little involvement

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The Seven Deadly SMSF Borrowing Sins

If you commit one of these seven deadly sins, your limited recourse borrowing arrangement (LRBA) can cost you dearly with double or even triple stamp duty, confusion over ownership and SMSF audit problems. Despite recent uncertainty, the government’s decision in the 2015 Federal Budget to leave superannuation alone for the foreseeable future means debt-funded property investing remains a viable strategy for SMSF investors. However, you may have been tempted by the self-proclaimed property guru offering to reveal the hidden secrets

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