SISFA welcomes clarification of borrowing rules

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Small Independent Superannuation Funds Association (SISFA) has welcomed the announced clarification of borrowing rules to allow SMSFs with property purchased through limited recourse borrowing to make improvements. “It is a practical outcome for trustees and allows for greater flexibility in buying property where the opportunity to add value can enhance the retirement outcome for fund... Read more continue reading

ATO draft ruling good news for SMSFs

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The release of this year’s most anticipated ATO Ruling impacting self-managed superannuation funds (SMSFs), Draft SMSF Ruling, SMSFR 2011/D1 (the draft ruling), contains good news for trustees looking to invest in property, according to The SMSF Academy. “The ATO is now crystal clear on a lot of contentious issues around limited recourse borrowing, which were frustrating... Read more continue reading

Cautious self managed superannuation investors build a ‘wall of cash’

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The Vanguard/Investment Trends Self Managed Super Funds (SMSF) report tells a clear story of a lack of confidence in future market directions within the self managed super fund sector, according to Robin Bowerman, Head of Corporate Affairs and Market Development from Vanguard Investments. “Given recent market volatility that’s not surprising, but you worry about investors... Read more continue reading

Self managed super funds and lending

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Have your clients with SMSFs loaned money from their fund? If so, remind them to make sure that the loan terms comply with the law and are in the best interests of their retirement. The ATO is concerned some trustees are lending money from their fund to people who provide advice or assist in the... Read more continue reading

An industry first for SMSFs & share trading

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The missing link in efficient online SMSF administration is to get today’s transactions up onto a trustee’s portal for access by tomorrow…and to do it accurately, the first time. In a first for the SMSF sector, accountants, advisers, administrators and their trustee clients are now able to customise the transaction feeds from specific platforms and... Read more continue reading

Multiport SMSF Investment Patterns Survey June 2011

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To get a closer insight into where Self Managed Superannuation Fund (SMSF) trustees invest, Multiport regularly undertakes an analysis of its SMSF investments to analyse investment trends. The survey covers around 1,600 SMSF’s administered by Multiport and the investments they held at 30 June 2011.  Funds are administered on a daily basis, which ensures that data is based on... Read more continue reading

A Short Morality Play – The Triway Super Case

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A recent decision of the AAT has highlighted certain basic rules when operating an SMSF. The facts of the case are very straightforward. A couple, at the urging of their son, established a self managed superannuation fund to which they subsequently rolled over their various super accounts.  All three were members and trustees of the... Read more continue reading

Leading strategist says ‘member as lender’ borrowing strategy may help SMSFs avoid excess contributions problem

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Financial planners should consider a ‘member as lender’ strategy to help SMSF clients who have contributed up to the limits of the super contribution caps but wish to contribute more to super The cap reduction in the 2009 Federal Budget and incoming means testing will make it more difficult for the over 50s age group... Read more continue reading