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

If you are an expat new Zealander and you call Australia your home, you might be one of thousands who has Kiwisaver retirement savings. Now, like most, you would think that moving them to an

If you are an expat new Zealander and you call Australia your home, you might be one of thousands who has Kiwisaver retirement savings. Now, like most, you would think that moving them to an Australian Super Fund would be an easy thing? Well, its not that simple and its not that easy. It turns … Continue reading moving your kiwisaver funds to an Australian Super Fund

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 assist with … Continue reading Budget 2018

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

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