Tony Negline writes an article for the website The Australian Business Review wherein he talks about the impact of dipping into the SMSF; too deep or too soon. Such ‘dipping’ generally comes in the form of loaning out money to relatives or members of the fund.
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Looking to Include ESS in Your SMSF: Answer a Host of Questions First
Jason Clout writes a piece for the Australian Financial Review where he highlights the possible consequences of using the Employee Share Scheme (ESS) in the SMSF. Executives rally around the idea of bringing in shares/share options into their SMSF for gaining an advantageous tax position.
5 Most Stupid/Weird Investments You Could Make
People invest for diverse reasons. If you probe the surface, you will find that earning money out of the venture is the top reason but look deeper and you will find myriad currents in the human brain which determine an investment. A person who has lost a loved one to cancer may open a cancer research institute even if the proposition is not financially rewarding. Likewise, some investors may have a score to settle with life, an anger to placate or a ego-battle to win. Sometimes, rare though such occasions may be, investors also make those really stupid/weird/ridiculous investments.
Let us, if only in jest, examine some potentially stupid investments. I am sure some of them will invoke fits of laughter and if you are reading this funny topic seriously, may be one or two may give a spark for a really smart investment idea…and there is actually one such example here. Read along!
What Makes SMSF The Pick For Many Investors?
In the year leading to March 2015, the SMSF sector grew to a market value of $595 billion. This was 10% growth and followed an even robust 13%, registered by SMSF in the year-to-March 2014.
In absence of prudential regulations and a host of unregulated financial products floating in the sector, the SMSF industry has been rather volatile. This, however, is expected from a new industry. This said, their toehold in the financial sector has only strengthened with time.
2 Best Ways Of Reducing Death Benefit Taxes
Unless you plan your estate carefully, your inheritors may feel the pinch with death benefit taxes on a later day. Officially, Australia abolished inheritance taxes in the 70s but unofficially, they have been existing, just as stoutly, ever since. The government has changed the name from “death duties” to “death benefit taxes” but they aren’t fooling anyone here.
How Are Your Investments Held in SMSF- Time To Look Deeper
Few things in our lives are both crucial and complex. The business decision, whether to shift the SMSF interest to a trust or a company falls in this category and how well the professional you have hired plans it for you will determine the strength of your fund.
