Self-managed Super funds (SMSFs) continue to grow as the fastest, most popular investment vehicle for people who want to make the most out of their retirement savings and prepare for their financial future. With the growing popularity of the SMSF instrument, the demand for SMSF experts has exponentially soared through the roof.
In an article for the website SMSF Adviser, Miranda Brownlee explains how the ATO has pepped up its scrutiny of the SMSF sector and is contemplating stern action on non-complying trustees.
In an article for the website SMSF Advisor, Miranda Brownlee talks about the attraction SMSF has begun to have for the young trustees. Individuals between the ages of 35 and 44 are responding well to the SMSF sector, and this typically bodes well for a country that has seen people shelving retirement plans for distant future.
In an article for the Business Day section of the Sydney Morning Herald, Ruth Liew talks about how SMSF has emerged to be the quickest growing sector of the Super market. Even as I write this, SMSF has amassed $557 billion in assets. SMSF contributes a mammoth 99% of the total number of Super funds, with nearly 30% of the cumulative Super assets placed in its kitty.
Many regulatory changes are lined up in the SMSF sector for the year 2015. They are many positive developments and potential challenges lying ahead, too. Only recently, the Financial System Inquiry has deemed fit to recommend that the borrowing structure for the limited recourse SMSF loans must be changed.
The SMSF sector witnessed quite a few developments in the year 2014. At the beginning of the year, investors and trustees were apprehensive to say but the least. Rumour mills were working overtime and government’s iron-fisted regulation was being talked about. These, however, remained merely rumours as government decided to play it easy and keep SMSF regulation more of a formal thing. It believed that prudential standards could be a bane for a sector as small and volatile as SMSF.
A media release on the website of Australian Securities and Investment Commission (ASIC) talks about the premier body’s further guidance to SMSF trustees so that they can better prepare and hand over retirement estimates to their fund members.
An article published on the website Mortgage Business talks about the recent Australian penchant for online SMSF property advice. There is a clear hike in the number of investors seeking online videos for their property themes.