Ron Phipps-Ellis writes an article for the website SMSF Adviser where he talks about the regulations governing valuations of SMSF assets. The rules have changed a lot over the last few years and this warrants that the practitioners keep themselves updated with the latest developments.
Author: Alan Preston Archives
SMSFs Have Very High Property Exposure
I recently came across an article on the website SMSF Adviser which talked about the penchant of SMSF towards property and why this investment strategy might be fraught with risk. For many self-managed funds, the residential property exposure is too high; as high as 30 percent.
Average Worth of SMSF Surpasses $1 million
Mike King writes an article for The Motley Fool where he says that the SMSF sector is not only growing in numbers but also in average worth. Growing as much as 23% over the last 5 years, the average SMSF boasts of $1 million in assets. The median balance is $603,000. SMSFs now hold close to $590 billion in asset which is approximately 29% of the entire Super pool, estimated at $2 trillion.
SMSF Performance Linked to Share Market Correction
Miranda Brownlee writes a piece for the SMSF Adviser where she says that the repercussions of the Australian share market are clearly felt by the self-managed Super funds. In the wake of the poor performance of the local share market the SMSF sector dipped by 3.2% in the September Quarter. From $575.4 billion in June, their value came down to $557.2 billion in September.
SMSF Stereotypes: Urgent Need to Look Through Them
Mike Taylor writes an article for the website Money Management where he focuses on the long-running myth that SMSF owners are a conservative lot. In light of the share market bloodbath witnessed lately, it has come to be accepted that the SMSF sector can really make a go for it when needed and at such times, they can be much more aggressive than their counterparts.
Centrelink Reverse Mortgage Scheme: As Puzzling As Egyptian Hieroglyphs
Pension Loan scheme, a reverse mortgage scheme floated by the government does a better job at satisfying the appetite of the senior citizens than the ones floated by the private sector. Where it possibly fails is that it gets limited to the betterment of the rich retirees. And to make matters worse, one particular aspect of it is so very puzzling. See if you can make some sense out of it.
