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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What is a ‘fixed trust’ and why do I need to know?

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Whether a trust is a fixed trust or not has significant taxation implications. In relation to tax losses, if the trust is not a fixed trust it will have more stringent tests to satisfy before the tax losses can be claimed as a deduction. In relation to superannuation taxation, if a super fund invests in […]

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Incapacity and SMSF trustees: How to get out of running an SMSF when health is poor or just too old?

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Begin as you intend to end. When it comes to SMSF’s, exiting at the right time and in an orderly fashion can often be a difficult decision to make for Trustees and members. However, making a plan, understanding the options before entering into an SMSF and being flexible to changing circumstances is prudent. “I often […]

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When is it a viable option to open your own SMSF?

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Starting your own self-managed superannuation fund (SMSF) has been a hot topic for over a decade now. In my time as a Financial Planner, I am observing that the age of clients seeking to open their own SMSF is becoming lower. Of all the new SMSF’s established in the last quarter, 29.8% had members between […]

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