You know the grind if you exceed the upper ceiling on your Super contributions. This is probably why you will be none the poorer knowing where you exactly stand. The sun rose on the first of July this year, changing, for at least the foreseeable future, the super contribution caps.
Category: Feature Archives
ATO Reports More Than 300 SMSF auditors to ASIC
The Australian Securities and Investments Commission (ASIC) has received details of more than 300 SMSF auditors from the ATO. The approved auditors are vital cogs in the ATO wheel and registration concerns may turn out to be a serious issue.
SMSF Guidelines for Limited Recourse Borrowing
While writing a piece for the website Smart Company, Cara Waters sheds light on the Limited Recourse Borrowing Arrangements (LRBA) so often being used lately by SMSFs and certain guidelines that the SMSF Professionals’ Association of Australia (SPAA) has attached to them.
Triggers for the Australian Property Market
The Australian property market is not going into a bubble phase. The terms boom and bust represent a sum total of consumer confidence at any given moment, more than anything else. It will suffice to say that after years of shortfall, the property cycle turned towards the higher yards and over the last year or so, it has mellowed down. We are still doing reasonably well, and the plateau should come no sooner than 3-4 years from now.
Purchasing Property With Your Super
If a property promoter without an AFS license hogwashes you into using your SMSF for property investment, chances are they have vested interest in mind. The deal might be infested with bottlenecks all along the way. If however, you use solid professional guidance from people who know the nitty-gritty of investing the SMSF purse into real estate, you can come out trumps with the strategy.
Capital Gains Tax Cap for Small Business Owners
If they could make retirement planning an active agenda of their working lives, farmers and small business owners could benefit a great deal more from their Super investments. Sadly, unlike those who have worked as employees all their lives, these small-business owners and farmers spend their working lives thinking about how to expand their business and buy more land, jeopardising their retirement nest egg woefully by not paying enough emphasis to the concessional and non-concessional contributions.
