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

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

SMSF Foreign Property Australian investors love of property investment is often not restricted to domestic property.  Many SMSF’s are targeting foreign property for a variety of reasons, such as cheaper purchase costs and higher rental yields. With amazing 13%-22% returns on foreign property and property values around the $40,000 to $150,000, it is not hard … Continue reading SMSF Foreign Property

Coping with the loss of your partner Losing your partner changes your life, and money matters may seem unimportant at the time. Taking practical steps can help you get through this period and better prepare you for the future. Arranging a funeral and death certificate Working out the will Determining where you stand financially Working out … Continue reading Losing Your Partner