Splitting concessional contributions amongst members or spouses can be an effective strategy provided that you benefit in the following ways. 1) It creates a Tax-free portion for the receiving spouse – like a re-contribution strategy 2) It’s tax deductible for the contributing spouse ( subject to PSI or the 10% income test) if they are … Continue reading Contribution Splitting in a SMSF

Depreciation is the natural wear and tear that occurs to a building and the assets within it over time and it’s one of three (3) key tools property investors use to make holding investment property more affordable and tax effective. The proposed new laws to depreciation will result in a reduction in the depreciation for … Continue reading Depreciation Changes Budget 2017

SMSF PROPERTY DEDUCTIONS One of the great benefits of property in an SMSF is the raft of available deductions. Expenses that are likely to be deductible include bank charges, brokerage, filing fees, fines, interest paid insurance premiums, valuation and storage costs, property expenses, relevant training courses, subscriptions, administration software fees. Some of the common property … Continue reading SMSF Deductions

Some of the things to consider when setting up an  SMSF Why should you setup an SMSF? This is the burning question or easily one of the most contentious questions in the Australian financial services market. SMSF ‘s offer four (4) key  benefits 1.Control and Ownership An SMSF and its assets are wholly owned and … Continue reading Setting up an SMSF

SMSF, separation and divorce – A Guide to managing your Super According to the ABS, 42.7%* of marriages end in divorce and believe it or not many SMSF are facing this issue. So here are some steps to assist you manage your SMSF separation or divorce Leave the SMSF assets untouched till a later date … Continue reading SMSF & Seperation

SMSF COMPLIANCE BREACHES SMSF COMPLIANCE BREACHES The ATO’s recent report has highlighted a few common breaches. This article will explore these breached in more detail to assist SMSF’s and Acquiring Assets from Family and Associates Let us first establish who a related party of an SMSF is? They can be: Parents, brothers, sisters, Aunts and … Continue reading SMSF Compliance Breaches

FINDING YOUR LOST SUPER MONEY Finding your lost super funds can be a source of great frustration for many Australians, who had accounts in their twenties and teens. There is over $14 billion in lost super money as at 30 June 2016 according to the ATO. Lets face it, locating lost funds can be hard, … Continue reading How to locate lost super

WHAT PROPERTY CAN I BUY IN A SMSF These are some answers to common SMSF property related questions. 1: Can I sell an existing investment property or my home I own, into my SMSF? A: NO, You cannot sell an existing investment property or a principal place of residence to your SMSF as this is … Continue reading What types of property can i buy with SMSF?

SMSF LENDING TIPS: Buying a property in a SMSF is a popular strategy, but SMSF property loans can often frustrate a lot of first time buyers. Some of the things you need to know about SMSF Loans Q:    Do you have a corporate trustee SMSF or an individual trustee SMSF This can determine how much … Continue reading SMSF Lending Tips

SUPER LAW CHANGES 1 July 2017 These are some of the key changes that were announced and passed by the senate on the 29th of November 2016, which come into effect on the 1st of July 2017. Reduction of annual concessional contribution (taxed at 15%) caps To: $25,000 for all age groups (18-75) effective from … Continue reading Super Law Changes 2017