In an article for the website My Wealth News, Peter Wolfram talks about what the Self-Managed Superannuation Fund Professionals Association of Australia (SPAA) feel about the present SMSF costs.
Category: Summary Archives
AIST Warns Against Using Super Funds For Properties
Despite harsh housing affordability, the Australian Institute of Superannuation Trustees (AIST) is busy warning of potential dire consequences if first home buyers are allowed to use their superannuation for their deposit. Super must always be kept to gain an upper hand during retirement and any other use jeopardises your retirement nest egg, feels Tom Garcia, AIST CEO.
Accountants Caught Off Guard By SMSF Changes
SMSF space is changing dynamically and it might catch tax accountants unaware. In an article for the website Accountants Daily, Michael Masterman says that the ATO’s programs inclined towards educating taxpayers may make accountants employed in this sphere redundant soon.
A New ‘Storm’ in SMSF Kettle
Borrowing strategies used by SMSFs came in for some sharp criticism by the higher echelons of the Australian Securities and Investments Commission (ASIC). In an article for the website Money Management, Kate Cowling points out what disturbs Peter Kell, Deputy Chairman of the ASIC.
SMSFs Outdoing Large Funds
An article on the Australian Financial Review talks about the rising fortunes of SMSF. To put things in perspective, had $500,000 been put in the year 2004 in some large fund, it would have accumulated close to $190,000 by 2012. In comparison, SMSFs would have amassed a profit of something like $345,000 over the same time range.
SMSF Investors Seek International Market
While penning a piece for the Business Insider, Chris Pash reveals that self-managed super fund investors are gloating over international markets and that their foray into exchange traded funds and international market shares has become the talk of the town.
