News & Media

Read the latest news and SMSF strategies online with Aquila Super.

The Rise of the Semi-Related Investment Trust

Whilst reviewing several thousand SMSFs ever year it is common for our auditing team to see trends in both investments and superannuation strategies.

FAQ: My wife and I share a SMSF with our Australian resident children. We plan to move overseas indefinitely. Can we still be members of our SMSF?

It is possible to remain a member of your SMSF, however there are certain requirements that would need to be met in order to meet the superannuation rules.

A twist to the LRBA tale

When is a borrowing not a borrowing? According to SMSFR 2009/2 the answer is when it is merely a “financial accommodation”.

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

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.

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

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.

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

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 acquire listed securities at market value.

FAQ: Can my SMSF borrow money to invest?

The savings built up in your SMSF represent a significant source of capital you can use to further grow your wealth. However, there may come a time when it’s not enough.

What is an actuary’s certificate and when do I need one?

One of the advantages of an SMSF trustee commencing an income stream in his or her super fund is that the income and capital gains on the assets supporting the pension account become tax free.