The SMSF industry is not governed by prudential regulations, but the strict eye of the ATO more than compensates for it. So if you are an SMSF trustee and you feel you have erred somewhere and the ATO may attend to it anytime soon, it is wise to get your folly corrected.
Category: Feature Archives
4 Errors SMSF Often Make
SMSF trustees don’t always take all the right steps. It is but natural to fumble and flounder at times. Here are some of the errors SMSF often make — and thus, you should try to avoid.
Should You Buy Your Business Premise Within Your SMSF?
Is buying and gearing your business premises through your SMSF a lucrative idea? What are its possible potholes? Let us discuss this subject matter.
6 Ways Your SMSF Can Benefit You
SMSF is an unyielding success story. Commanding a peculiar amount of investor frenzy, it has come to represent about 32% of the total Australian Super pool worth $1.6 trillion. Apart from being a near-guarantee of decent retirement, SMSF is also a ladder towards building a powerful retirement nest egg; aimed at making your post-retirement journey more than ‘decent’.
What We Can Learn about Big Super Funds from the US
SMSFs have done well for themselves. It is the general impression and true to a great extent. The Treasury has strong opinions about credit franking and feels that the SMSFs are tax-eluders, but it must be said that the same clause which allows SMSFs to enjoy tax rebates apply to the big Super funds, too.
Buying Your Insurance within Super
Your superannuation provides insurance for life that is way cheaper than the insurances which are being missold by a few shonky practitioners in the traditional insurance world. The Australian Securities and Investment Commission has released a report that says more than a few insurances policies being offered today are below standard and suits only the purpose of the financial advisors, not the clients.
