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.
Super News
SPAA Improves Limited Recourse Borrowing Guidelines
In an article for the website Smart Company, Cara Waters discusses the guidelines that have been attached to the Limited Recourse Borrowing Arrangements (LBRA) being used by the SMSFs. The SMSF Professionals’ Association of Australia (SPAA) has come up with these guidelines to ensure that LBRAs are used in an appropriate manner.
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.
SMSF Borrowings, a Cause for Concern?
Borrowing-backed strategies used by Self-managed super funds have come in for some sharp criticism. Fund managers and Super advisers are throwing brickbats at them and there have been talks of a major financial review in the given regard.
Baby Boomers Fail Retirement Planning
There is something inarguably beautiful about the movement of time. For better or for worse, we all grow old one day and the way the commandments of social existence works is that we have to put up our feet and retire from work. The baby boomer generation, however, had a different idea of retirement and the Gen X and Y has an almost bipolar notion.
ATO Warning: Avoid Dividend Washing
In an article for the website Smart Company, Kirsten Robb talks about the new penalty regime and how the SMSF trustees can be taken to the cleaners for misusing their funds. 2000 SMSFs have undertaken what may be referred as dividend washing, a dangerous share trading strategy.
