Archive for August, 2015

Changes ahead for SMSFs with public trading trust investments

Changes ahead for SMSFs with public trading trust investments

August 27, 2015
admin

In April this year draft legislation was released that will change the rules for public trading trusts.  This will have an impact on Self Managed Superannuation Funds (SMSFs) which have unit trust investments caught up in the regime.  It is…

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Partner with Aquila to overcome SMSF limited licence hurdles

Partner with an SMSF service provider to avoid legislative hurdles

August 6, 2015
admin

Changes to the legislation around accountants’ advice to SMSFs are coming on July 1, 2016. By partnering with an SMSF service provider, this won’t be an issue. At the present moment, accountants have the freedom to provide advice to SMSF…

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Does it matter if I make my pension reversionary to someone else or should I leave it as non-reversionary?

FAQ: Does it matter if I make my pension reversionary to someone else or should I leave it as non-reversionary?

August 6, 2015
admin

The question of whether to make a pension reversionary was easy to answer a few years ago as there were substantial tax advantages to such an arrangement. Before 1 July 2012, upon the death of a member with a non-reversionary…

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FAQ: Can I transfer my BHP shares into my SMSF?

August 5, 2015
admin

Yes, you are able to transfer your BHP shares into your SMSF as long as they are transferred at market value. Although SMSF trustees are generally prohibited from buying assets from members or related parties; an exception exists where trustees…

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FAQ: I am 45 and have just lost my job. Can I access my super to see me through until I find another job?

August 5, 2015
admin

It is common for people to start looking at their superannuation balances when under financial stress, however although it is your personal superannuation account, it is generally difficult to withdraw any benefits until retirement. For most of us, our superannuation…

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Tips for staying on top of SMSF clients

Tips for staying on top of SMSF clients

August 4, 2015
admin

We look at three ways accountants and financial planners can improve the services they provide by staying on top of their SMSF clients’ needs.

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Your SMSF can borrow money to purchase a single acquirable asset.

FAQ: Can my SMSF borrow money to invest?

August 4, 2015
admin

Through what’s known as a Limited Recourse Borrowing Arrangement, your SMSF can borrow money to invest in a variety of assets.

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SMSF related party leases and a tenant fit-out

August 4, 2015
admin

A great advantage of an SMSF investing in business real property is that the trustee is able to lease the property to a member or a related party tenant.  This article explores some advanced topics regarding related party tenants and…

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