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ATO targets boomers with self-managed superannuation funds
ATO assistant commissioner for SMSFs Matthew Bambrick (above) said a boost in compliance work on the nation’s 531,059 – and growing – funds was not a bad idea. Photo: Dominic Lorrimer The following is...
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SMSF performance reporting and bench-marking available
Our online SMSF accounts have recently been updated with the ability to view a number of portfolio charts including the ability to track the investment performance of your SMSF portfolio against a...
View ArticleCollectibles – time to act
Collectibles and changes from 1 July 2016 Does your SMSF own artwork, jewellery, coins, vintage cars, wine collections or antiques to name a few of the major items deemed collectibles? If these items...
View ArticleAdviser or Broker?
ASX listed equities are statistically the most common asset in an SMSF and this is reflected in the hundreds of SMSF accounts I review each year. A common question I ask my clients is “do you have an...
View ArticleTop 10 end of financial year tips for your SMSF
The end of the financial year is the perfect time to give your SMSF some love. The following are our top 10 pre-30 June items we believe every SMSF trustee should look at. Take your minimum pension!...
View ArticleSolution to Improving Adult Financial Literacy
I was interested but not necessarily surprised to read two articles this week relating to financial fortunes of the general Australian population. The first article talked about financial literacy,...
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What are the average costs of running an SMSF?
The perceived high costs involved with running your own fund can sometimes be the determinant factor for many people, especially when considering if having an SMSF is right for them. In addition to...
View ArticleDiverting personal services income to SMSFs
The ATO is currently reviewing arrangements where individuals (at, or approaching, retirement age) purport to divert their personal services income to an SMSF, so that the income is taxed...
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Are you ready for retirement? Where to start.
One of the key challenges for people approaching retirement is adequately preparing for it. The other big challenge is gaining greater confidence in how their finances might look once retired. Getting...
View ArticleHow life insurance in your super could impact your retirement savings
If you have super with a default fund (i.e. the one your employer offered) you will have some form of life insurance, unless you have opted out. If you have researched and selected a superannuation...
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