SMSFs with more members shun higher risk investment

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The greater the number of members in an SMSF, the more risk averse they become, according to a new research report – Gender and group bias in SMSF allocation –from SuperConcepts and the University of Adelaide’s International Centre for Financial Services. SMSF funds with more members tend to shun riskier equity markets and invest more […]

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Lower investment returns stretch SMSF investment goals

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A weaker investment outlook that indicates returns will be lower for longer means SMSF retirees need more savings to achieve their retirement goals. The amount needed for a 65-year-old SMSF couple to afford a comfortable retirement (as defined by ASFA[1]) has increased by 17% from $702,000 to $824,000. However, 66% of SMSF trustees can remain […]

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Estate planning benefits can make a low-balance SMSF worthwhile

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As estate planning and SMSF specialists, would we advise a client to set up a self-managed super fund (SMSF) in order to achieve a better estate planning outcome? Even if their account balance was less than $200K? “It’s so important to have that certainty of being able to know that you’ve put in place an […]

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Changes to succession laws in Queensland to affect blended families

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Walt Disney did stepmothers no favours when he created “Maleficent”, the wicked stepmother in “Snow White”. Thanks to her it is now a given that stepmothers are out to do the husband’s children considerable harm and need to be guarded against. But this is not necessarily true at all. Many step-parents care deeply for their […]

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SMSFs and crowdfunding: a match made in heaven or hell?

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Self-managed superannuation funds (SMSF) will shortly be able to invest in potentially high-growth unlisted companies, as a new era of crowd-sourced equity funding begins. The Federal Government’s Corporations Amendment (Crowd-sourced Funding) Act 2017 takes effect on September 29, 2017. The Act, passed by Parliament in March, provides a legislative framework for crowd-sourced equity funding in […]

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CPD: Licensing just the tip of the iceberg for true SMSF compliance

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The latest moves from ASIC indicate that it has drawn the line on SMSF compliance – and it’s a hard one. The message is clear: get your SMSF house in order now, or else. The question is, how? According to Richard Liverpool, Head of Sales & Marketing from Ignition Wealth, the answer may be simpler […]

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What can be done when an SMSF trust deed contains a mistake or typo?

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We often get asked by our clients, what can be done when their SMSF Trust Deed contains a mistake or typo. Formalities are necessary and a deed of rectification may be the only effective way of fixing the problem. A deed of rectification is a very important document that acts to clean up, what can […]

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SMSF trustee checklist when borrowing to buy a property

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It is essential to have the necessary cash flow inside the SMSF to fund the ups and downs of investment property ownership. This SMSF trustee checklist can be useful when preparing to borrow money in an SMSF to purchase a property – the checklist only applies when a loan is being established: Ensure that regular […]

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Is your SMSF trust deed up to date?

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The end of financial year is fast approaching and in light of the Fair and Sustainable Superannuation Changes it’s important for trustees to be assured their SMSF trust deed is up-to-date and compliant. Case study: Daniel is a trustee of an SMSF. Accordingly, he is only permitted to act in accordance with the powers afforded […]

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Benefit payments rise dramatically ahead of July 1 super changes

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SMSF trustees looking to take advantage of the current rules around non-concessional caps have significantly increased benefit payments, according to the latest SuperConcepts SMSF Investment  Patterns Survey. In the March 2017 quarter the average benefit payment increased significantly from $16,256 to $27,900. Overall contribution levels also continued to rise in Q1, increasing from $8,548 to […]

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