In an article for the Property Observer, Jonathan Chancellor brings to light the spurious conduct of real estate agents and property promoters who offer SMSF advice without holding an Australian Financial Services (AFS) license.
Promoters are coaxing investors into using their SMSF kitty to buy residential and commercial properties. The appalling state of affair became further evident with the fall of one-stop-shop, Charterhill.
What proves to be the undoing of all such operators is the fact that they use one-size-fits-all strategy for every kind of investor. How can you go for a single combination (SMSF, property, and Limited recourse borrowing) for every hierarchy of investor and not face a bust, asks Chancellor.
Aspirations of fly-by-night dealers and delinquent promoters need to be put to rest; after all, we are talking about SMSF money pouring into real estate- and it is a sum of billions, it needs being asserted.
You can read the original article here.
In an article for the website Super Review, Jason Spits talks about a Catch Up concessional contribution cap that is meant to aid those workers who have been out/away from work for long. Such a cap may help workers compensate for the shortage in their Super accumulation.
At a point in time when inflation is beyond the expected standards and interest rates are constantly dipping, it may not be wise to place a large fraction of SMSF money in cash. This, however, is exactly as the things are, writes Kate Cowling, in an article for the website Super Review.