Property Investments

Can my SMSF invest in property development?

Australians love property and the lure of a 15% preferential tax rate on income during the accumulation phase, and potentially no tax during retirement, is a strong incentive for many SMSF trustees to dream of large returns from property development. We look at the pros, cons, and problems that often occur. An SMSF can invest…
Picture2 - super wars

The ‘Super’ Wars

A consultation paper released by Treasury has sparked a national debate about the role, purpose and access to superannuation ahead of the 2023-24 Federal Budget. What is the purpose of superannuation? At first glance, the consultation released by Treasury in February titled Legislating the objective of Superannuation sounds innocuous enough. The consultation seeks to anchor…

Is ‘downsizing’ worth it?

From 1 January 2023, those 55 and over can make a ‘downsizer’ contribution to superannuation. Downsizer contributions are an excellent way to get money into superannuation quickly. And now that the age limit has reduced to 55 from 60, more people have an opportunity to use this strategy if it suits their needs. What’s a…

Australian Super Funds Gorge on Cryptocurrency

The value of cryptocurrency assets inside Australian self managed superannuation funds (SMSFs) increased by 589.9% ($1.17bn) between June 2019 and June 2022, according to the latest ATO statistics. While cryptocurrency is a relatively small asset class at only 0.16% of the $837bn held in SMSFs, it is a growing asset class, larger than collectibles and…
Newcastle Property Investors Observing Market Updates

Acquiring collectibles inside your SMSF

Clients with self managed superannuation funds (SMSF) often ask what assets the SMSF can acquire. ‘Why’? The golden rule for acquiring assets inside your SMSF is why? To be compliant, your fund must be maintained for the sole purpose of providing retirement benefits to members, or to their dependants if a member dies before retirement.…
BECOME A SUPERANNUATION MILLIONAIRE WITH A SMSF

Become a superannuation millionaire with an SMSF

According to the Australian Taxation Office (ATO) statistics, there were (as at 30th June 2021), approximately 600,000 Self Managed Super Funds (SMSF) holding approximately $820 billion in assets or about 25% of the $3.3 trillion invested in superannuation. With the advent of COVID, many saw this as an opportunity to take control of their wealth…
Older Australians in SMSFs will be able to contribute earnings or savings directly into superannuation funds with the repeal of the work test.

Work Test Scrapped for Voluntary Superannuation Contributions

Older Australians in SMSFs will be able to contribute earnings or savings directly into superannuation funds with the repeal of the work test. The government has announced it will allow individuals aged 67 to 74 years (inclusive) to make or receive non-concessional (including under the bring-forward rule) or salary sacrifice superannuation contributions without meeting the…
Your SMSF: when expenses and investments are not at arm’s-length

Your SMSF: When Expenses and Investments Are Not at Arm’s-Length

We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions – that is, interactions between the SMSF, its assets, and its members (or relatives of members).  We’ve set out some of the common questions and answers. In general, all interactions between…
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