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Tag: Buying investment property

Getting ready for super catch-ups

      SUMMARY: Time to have a proper look at the five-year catch-up provisions – and how to make the most of them. It’s been a long-time coming for super members to get some sort of averaging provisions for tax-deductible contributions. The self-employed often struggle with annual “use them or lose them” concessional contribution […]

Timing is everything for June 30 contributions

      SUMMARY: Make sure you get your salary sacrifice sorted properly in the 30 June final countdown for contributions. Timing is everything. Normally top of mind when I’m swinging a golf club or a tennis racquet. But every June, you should have superannuation timing on the brain. This June in particular. We’ve not got […]

Don’t always listen to the ATO

    SUMMARY: Put insurance at the top of your considerations when moving super from anywhere to anywhere. Sometimes the “advice” you get from the Tax Office is the worst advice you will ever receive. So bad, in fact, that it should be banned. Yes, correct. I repeat, the ATO should be banned from providing […]

On the property merry-go-round

    There’s a fine line between pleasure and pain”. I’m tipping there are a few people surveying Perth’s property market feeling that at the moment. The following relates specifically to Perth, but can be applicable elsewhere. Is it in the bargain basement? Or the shitter? There is nothing pretty, or promising, about property prices […]

The ATO’s last minute pensions reprieve

                  SUMMARY: ATO clarifies rules on $1.6m pension rollbacks, and gives a pardon for death benefit errors in the past. The Tax Office has handed out pardons for some past sins as it tries to smooth the deck of some compliance issues ahead of 1 July. The […]

Big improvement on Rudd’s dudd

  The last time a government tried to help young’uns to boost their super savings … well, it was the stupidest idea ever. In the 2008 Budget, Kevin Rudd gave us his First Home Saver’s Account. OMG. It was like a fart in an elevator. An immediate stinker. A Rudd thought-bubble that his Kitchen Cabinet […]

Federal Budget 2017: The super pros and cons

SUMMARY: Super bonus for downsizing retirees the upside,  property tax deductions the main downside from Federal Budget 2017. If you are a self-managed super fund trustee, it’s safe to take a breath. Take in a deep one. The Federal Budget was one that largely left SMSFs alone. It absolutely needed to be – with all […]

Super strategies for death

                                  SUMMARY: How the death of a spouse will impact on the $1.6m pension limit. And what to do about it. In days gone by, a good old reversionary pension would generally do the trick. It’d cover most situations. […]

Super gearing may be on borrowed time

                  SUMMARY: Gearing-in-super issues continue to be touched up in the lead up to 30 June. Things are getting interesting in the super fund loans space and the 30 June light coming down the super-changes tunnel. “Interesting” in an “uncertain” sense. The light could be a train. […]

Where SMSFs fit in the property debate

  SUMMARY: SMSF property investors are not the enemy of first home buyers. Property and superannuation are top of the pops at the moment – barely a TV news bulletin occurs without one of both of them getting a guernsey. This is more airplay than either of them usually get. Putting them both in the […]