Born between the Second World War and the year 1964, Baby Boomers have become the postage stamps for radical social change. The last of the Baby Boomers will turn 60, come the 1st of January 2015. Some of the Boomers who have made wise decisions in the past stand to gain from the rising house prices. Others, and there are a whole lot of them, stand to suffer from the very poor Superannuation fund levels.
Author: Alan Preston Archives
More About SMSF and Investments
SMSF vests a lot of power in the hands of its trustees, inasmuch as the trustees feel they have a lot of control over the investments they make and flexibility in terms of choosing which one they want to go for. Obviously, not all this comes that easy. Trustees need to stand on the right side of compliance and observe various SPAA and ATO restrictions.
SPAA Has No Bias for Young Investors
In an article for the website Money Management, Jason Spits talks about ATO’s effort in busting the myth that says the SMSF industry is getting inclined towards the younger trustees. Had this been the case, contests Spits, the number of funds holding $150,000 or less would not have declined over the last 4 years. After all, these are the funds held largely by the younger trustees.
ATO’s Withdraws Its SMSF product ruling system
In an article for the SMSF Adviser, Katarina Taurian sheds light on the withdrawal of ATO’s product ruling system. The system was a boon for trustees as it allowed product providers to get their products’ legislative merit tested by the ATO. The ATO then had to make a ruling as to whether the product passed when seen through the legislative perspective.
How to Avoid Renovation Disaster for Your SMSF
Residential investment is common with investors holding an SMSF. And now that the weather is clear and beautiful for long stretches and especially because the festive season is coming up, we might see these selfsame residential investors looking for home renovation. This though may not turn out well unless you understand compliance for renovating residential properties held under SMSF.
Call for Specific Training for SMSF Advisers
If financial advisers are keen on advising over matters related to SMSF, they must undergo specific training, feels the SMSF AMP division. It is a consensus that the quality of advice has enhanced over the last ten years or so but this said, there is a need for highly focused training as one attempts to unravel and find profits from an ever-on-move SMSF market.
