SUMMARY: Anti-detriment payment after death from your SMSF are a way of recouping tax paid for your beneficiaries. Taxation can be a funny thing. Some tax rules seem particularly unfair. Others … you are sometimes left to wonder how legislators dreamt up something so sensible and generous. The latter is the case with what’s known […]
SUMMARY: When the Reserve Bank airs its concerns on the stability of our superannuation system, take note. What is the risk of Australian superannuation funds imploding? How much damage would it do? What can be done to minimise the risks? Systemic risk is a constant background fear for anyone with a superannuation fund. Some verbalise […]
SUMMARY: The ATO is targetting your offshore earnings, no matter how small. You have until December to take part in an amnesty … or roll the dice on bigger penalties. The word “amnesty” suggests a few things when its offered by a government authority. Firstly, it states they know that an activity is happening. Second, […]
SUMMARY: A speed gun would clock it at marginally faster than glacial, but SMSF money is moving out of cash. To where is the surprise. There are two assets that Australian SMSF trustees love more than any other – cash and Australian equities. Often, SMSFs will hold 100% of their funds in these two assets […]
SUMMARY: No. No! NO! Ignore this nonsense about accessing super early to buy homes. It’s dumb on many levels. Australians should not be able to access their super funds to purchase homes. Not under Australia’s current super system. Calls to do so are populist claptrap, sometimes pushed by self interest. To date, the calls have […]
SUMMARY: An appetite for gearing risk is back for investors. Here’s the menu for super investors who are hungry. More than six years after the barn doors were fully opened, gearing for superannuation funds remains divisive. Many have not embraced it and would still like to see it banned again. It’s good that it hasn’t […]
SUMMARY: An appetite for gearing risk is back for investors. Here’s the menu for super investors who are hungry. More than six years after the barn doors were fully opened, gearing for super funds remains divisive. Many have not embraced it and would still like to see it banned again. It’s good that it hasn’t […]
SUMMARY: Positive developments on two fronts in super, with lighter regulation of SMSFs a possibility. It seems like the tide has been running out forever for superannuation investors, including SMSF trustees. In reality, it has been about six years. But recent evidence suggests the tide has turned. And in the last week, SMSF trustees (and […]
SUMMARY: Superannuation Budget submission time – a time for wish lists and the tooth fairy. The air surrounding Joe Hockey’s first Budget as Treasurer is getting pretty thick and acrid. It’s still two months’ away. But there’s every indication that it will be a true “horror” document felt in hip pockets everywhere. Very little seems […]
SUMMARY: Superannuation Budget submission time – a time for wish lists and the tooth fairy. The air surrounding Joe Hockey’s first Budget as Treasurer is getting pretty thick and acrid. It’s still two months’ away. But there’s every indication that it will be a true “horror” document felt in hip pockets everywhere. Very little seems […]
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