Budget 2018

BUDGET 2018   A very benign May budget was handed down by the government, compared to last years, with very few changes to super. We have highlighted the significant changes that will impact SMSF trustees and members in this article.   Lost Super The government has proposed that from 1 July 2019 the ATO will…

SMSF Crypto Currency investing

Bitcoin, Ethereum and Ripple along with the over 1500 Altcoin investments are proving very popular investments for smsf investors. There are a lot of things people need to be aware of before embarking on bitcoin or crypto investing, in an SMSF. 3 Things to check, to remain compliant Who owns the asset ?  – make…

Contribution Splitting in a SMSF

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…

SMSF Deductions

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 [...]

SMSF Duties

Some of the things to consider when setting up a SMSFWhy 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) great benefits Control and Ownership An SMSF and its assets are wholly owned and controlled…

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