I came across an article by Mike Taylor on the website Money Management. It talks about a very interesting discussion in the SMSF sector today. Financial advisers are being criticised for recommending SMSFs to those clients who have in deficit of $200,000 as their fund’s opening balance.
Super News
NAB Stiffens SMSF Lending Guidelines
From the 1st of May, NAB has stopped residential lending through SMSF. The regulation is grandfathered and won’t hurt existing loans. An article by Glenn Freeman for the website Professional Planner talks about it.
Aspects of SMSF Audit You Couldn’t Care More About
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.
Want to Get Into Job Again After Retiring?
In an article for the website afr.com, Ben Smythe talks about those people who feel “the daily grind of retirement” a heavy weight to carry and their new employer- the SMSF pension- an unlikeable boss. Interesting start! Keep reading!
SMSF Investors Seeking Global Equities
I came across an article by Miranda Brownlee on the SMSF Adviser. It says that there is a lot more SMSF investment flowing towards the global equities, now that there is plenty more information-sharing and awareness about the equities operating outside Australia.
Avoid Illiquid Assets During Pension Phase
Miranda Brownlee writes an article for the website SMSF Adviser wherein she writes that the analysts are hammering out warnings to the self-managed super funds approaching retirement. The analysts feel that such funds are investing in assets with zero or pretty limited liquidity, hence compromising their minimum pension payments.
