Rolf Howard writes an article for the website SMSF Adviser where he talks about the duty of practitioners when it comes to finding out whether the SMSF is the right vehicle for their clients. SMSF is definitely a lucrative proposition but its success is not only determined by your level of independence and your business acumen. A lot also depends upon the kind of professional advice you get. Let us probe further.
Super News
Trust Deed Is a Crucial Part of Your SMSF
In a large number of cases, the process of setting up an SMSF does not include a Product Disclosure Agreement (PDS). Allow me to reflect on this statement. A public offer fund (or a retail offer fund) comes with a PDS which pre-stipulates the rules that the members of the fund will need to follow. This same can hardly be followed by SMSF members because in effect, it would mean a member providing himself with a document that showcases how to run his own fund.
Investing in Property- Do You Have $4 Million in Your SMSF
Miranda Brownlee writes an article for the website Mortgage Business wherein she reflects expert market sentiment, suggesting that residential investments through SMSF can turn out to be a lucky guess. Moreover, those investors with less than $4 million in their kitty should refrain from making investments in this asset class.
Poor Yield Can Hamper SMSF-enabled Property Investment
Miranda Brownless writes a piece for the website SMSF Adviser wherein she warns investors seeking low volatility of the SMSF property sector about the poor yield that they might come to expect in markets of Sydney and Melbourne. Yield environment must be factored in before SMSF trustees make their investment strategy.
Apps Aiding SMSF Investors in a Big Way
SMSF is lucrative for various reasons. Among them, flexibility, control and cost are certainly on the top of the minds of investors. This said, once SMSF investors set up a fund, it is not unheard of that they give up a part of their management control or end up paying a big amount in administration fees. This is where apps have been coming handy of late.
How to Wind Up Your SMSF?
You might not be in a position to manage your self-managed super fund any more. Contrarily, you may have found it more practicable to move to foreign shores for two years or more. If such be the cases, you may find it very difficult to keep running your SMSF. Here are options you might consider.
