NowInfinity: Time to update your clients’ trust deeds  

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NowInfinity is urging advisers to review and update their clients’ trust deeds now in order to meet the new super reforms that will be effective from 1 July 2017. NowInfinity CEO, Amreeta Abbott, says significant changes to self-managed superannuation funds (SMSF)s make the update imperative. “Not since 2007 has Australia seen such wide-sweeping changes to […]

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Can an SMSF invest in gold?

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Gold jewellery and gold coins/medallions will certainly come under the stricter rules prescribed by SIS Regulations. A recent client enquiry led us to take a closer examination of the types of assets an SMSF can invest in. The enquiry concerned the acquisition of gold as an allowable investment under superannuation laws. To ascertain whether an […]

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Shedding light on the ATO’s new compliance approach

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Setting up a self-managed super fund (SMSF) can be quite daunting, especially since the responsibility for ensuring compliance with superannuation laws rests with the trustees of the Fund. As the ATO regulates SMSFs and administers superannuation laws in relation to them, trustees need to keep abreast of possible changes as these may require them to […]

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Is art appropriate for your self-managed superannuation fund?

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Art can be an attractive alternative investment, with many people buying it because of their passion and its scarcity. But, is it appropriate for your self-managed superannuation fund? Ordinarily we don’t recommend art at Omniwealth for financial planning purposes. Investments in collectables and personal use assets such as art, jewellery, and wine cannot provide a […]

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Five reasons why retail investors should consider infrastructure

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Infrastructure is growing in popularity among retail investors including self-managed super fund (SMSF) trustees as evidenced by the approximately 300 people who attended yesterday’s AMP Capital webinar on the asset class. The webinar, hosted by AMP Capital Core Infrastructure Fund Manager John Julian and AMP Capital Head of SMSF and Self-Directed Wealth Tim Keegan, covered the […]

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High-yielding commercial property a good fit for SMSF portfolios

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With unlisted commercial property funds generating yields of more than 6% per cent and a strong long-term growth outlook for the sector, commercial property should be considered as a core asset for self-managed superannuation portfolios, a property fund industry leader says. Steven Bennett, the Head of Direct at property fund manager Charter Hall, says it […]

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SMSF administrators have bright future

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The likelihood of SMSF administrators being made redundant by technology is as likely as Donald Trump not tweeting, says Olivia Long, the Chief Executive Officer of the SMSF administrators  SuperGuardian and Xpress Super. “Automation will continue to create significant efficiencies into the future, but the notion that it can and will take our role is […]

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SMSF contribution levels almost triple in response to super changes becoming law

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SMSF trustees looking to make the most of the current rules have significantly increased contributions, according to the latest SuperConcepts SMSF Investment Patterns Survey. In the December 2016 quarter contribution levels almost tripled, increasing by 181 per cent from $3,040 in the September quarter to $8,550. The rise in contributions follows the Government’s confirmation that […]

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End of financial year issues to confront SMSFs & planners will miss out on business growth opportunities

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Although still months away to the end of the financial year on June 30, financial planner and head of JWW Consulting John Wiseman predicts there will be a surge before this date of self-managed superannuation funds opting out of current arrangements in favour of retail, corporate or industry funds. In addition, John Wiseman is concerned […]

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When Size Matters: $200,000 threshold key to SMSF performance

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Large SMSFs perform better than small SMSFs because they are more diversified, operate more effectively and have longer experience in the sector, according to new joint research from SuperConcepts and the University of Adelaide’s International Centre for Financial Services. Released today, the new research report –When size matters: A closer look at SMSF performance – […]

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