SMSFs and retirees should look at ‘all weather’ investing to avoid diabolical outcomes

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Every time the markets collapse, there is a particular group of investors that is hit the hardest. The reason why is that this group of investors don’t just lose a... Read more continue reading

ATO concerns with SMSF property development

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The ATO has issued SMSFRB 2020/1 (“SMSFR”) to highlight its main concerns in relation to SMSF property development.  It is comprehensive and traverses structuring, investment rules, NALI and the anti-avoidance... Read more continue reading

Plan B: SMSF pension strategies during the COVID-19 recession

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Investment values have nosedived but an SMSF is still required to pay the minimum pension amount – Townsends Lawyers believe it’s time for Plan B. Retirement is supposed to be... Read more continue reading

SMSFs selling geared equities which the Fund borrowed to buy

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If your SMSF can’t hold on any longer and must sell a parcel of shares or units which it borrowed to purchase, there are compliance issues which must be remembered,... Read more continue reading

What trustees need to consider in closing an SMSF

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What do trustees need to consider when winding up an SMSF? Mary is the sole member and one of two individual trustees of her SMSF – the other being her... Read more continue reading

SMSFs driving non-bank lender raising

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A slowdown in growth for the big four and regional banks is being offset by investor interest in the burgeoning growth of non-bank lenders. This is evident in the recent... Read more continue reading

Selling member’s business real estate into SMSF

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Townsend Lawyers’ Jeff Song explains that this strategy, though perhaps not quite as attractive, is still viable. From 1 July 2018 new law provides that in certain circumstances the outstanding... Read more continue reading

Substituting your SMSF when off-the-plan is off-the-rails

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Bob and Susan can’t afford to complete their off-the-plan purchase unless they use their super. Bob and Susan signed a contract and placed a deposit in their personal capacity some... Read more continue reading

ATO plays hard with late lodging SMSFs

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It seems that the ATO will change the status of SMSFs which fail to lodge their SMSF annual returns by the due date (subject to a 2-week grace period) from... Read more continue reading

Is it possible to admit your child as a member to your SMSF?

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Bob and Barbara have recently established an SMSF with a corporate trustee and want their 17-year-old son, Ben, to join their SMSF.  Can Ben join? We often get asked by... Read more continue reading