Category: SMSF Advice Archives

Buying Property Through SMSF – 12 Critical Points to Consider First

buying property through smsf While the marginal tax rate can get as high as 46.5% for an individual, the rental income for properties purchased through your SMSF is generally taxed at a concessional rate of 15%. It gets even better when you talk about the CGT rebate. You may have to pay 10% in the accumulation phase and nothing in the pension phase. In comparison, rates run close to 23.25% for properties outside Super.

So, are SMSF-financed properties a great idea? I wouldn’t place my neck on the line and say so. They can certainly turn out to be smart investments but unless you show diligence, they can turn sour just as easily.

Here are 12 key aspects to using your SMSF for property investing that you will do well to consider before taking the plunge. Some of these may surprise you and may just save you a fortune.

10 Ways To Stay Happily Busy During Retirement

Kudos to you for having toiled all your life! Being a part of one workforce or another and wearing yourself out over long decades, you certainly deserve good rest. Strangely, however, those who have just retired feel a very strong urge to be in the hunt. They do not want to slump on their couches yet.

Somehow, there is an overwhelming desire to be busy with some activity. Here then is a list of activities, 10 of them, you can engage yourself with after calling it quits. A couple of them seem obvious enough yet you may never have thought about them. Read along.

Aspects of SMSF Audit You Couldn’t Care More About

Anwalt oder Notar mit Mandanten in seinem Büro As an SMSF trustee, your top priority should be to get your fund audited by one of the approved auditors each year. For the purpose of such audits, it is important to formally appoint the auditors and there is a timeframe attached to doing so.

This is just the visible part of the audit ‘iceberg’. There is so much more that you have to understand about the process and which remains hidden from common view till a professional helps you with them. Let me talk about all the possible aspects of SMSF audits here and I can put a small wager that some of them will really surprise you.

15 Self Managed Super Fund Rules You Must Know

super fund rules The self managed super fund is the strongest performing Superannuation sector in Australia. In a very short time, it has created a space for itself. The amount of flexibility and control it offers to you is next to none. I’m sure we all are aware of the advantages of self managed super funds.

However, it is also critical that you understand the rules governing your self managed super fund or you may end up wasting all the advantages.

Listed below are the most important rules for SMSF funds that you absolutely must know to keep your fund safe and growing. Ignore these and risk potentially hefty fines.

Should You Consider SMSF Lending As Your Investment Strategy?

With all the hoopla surrounding SMSF loans, you might be wondering if now is a good time to borrow funds from your SMSF for investment purposes.

You are probably aware of the ongoing debate whether the Australian government should put a ban on SMSF lending arrangements or not. Proponents who support SMSF lending believe that SMSF loans have the potential to help SMSF trustees maximise their fund’s investment capabilities.

One out of Five SMSF Trustees Lacks Retirement Plan

no retirement plan ahead? An unsettling survey result states that one out of every five SMSF trustees does not have a retirement plan in place. A majority of SMSF holders suggest that they are certainly chewing on the idea and working out something, but they do not have an elaborate plan laid out.