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With the breadth of investment choices available to SMSF trustees, the purchase of artwork or collectibles needs to be done from a pure investment perspective. This article looks at the key considerations. Changes and definitions: From July 1 2016 the ATO is tightening rules around how owning Artwork or Collectibles are managed by SMSF fund trustees[1],
Read More...It is uncommon knowledge that business real property can be owned by a Self-Managed Super Fund. The benefit for business owners lies in leveraging a super fund to free up capital and reinvest to improve the bottom line. The benefits (including but not limited to): Something that is often over looked when reviewing a balance
Read More...A $1.6 million superannuation transfer balance cap A transfer balance cap will be introduced from 1 July 2017. This will restrict the total amount of superannuation that can be transferred from accumulation to pension phase to $1.6 million. Where an individual accumulates amounts in excess of $1.6 million, they will be able to maintain the
Read More...Have you ever thought about what would happen to not only your personal affairs, but your superfund if you were no longer able to make financial decisions? Particularly, if it were because of ill health or an accident? The current Superannuation rules state you could potentially lose half of your fund assets in one foul
Read More...As a SMSF trustee, it’s ultimately your responsibility to ensure the fund complies with the relevant rules. One of the complications in choosing to run your own self-managed super fund is the need to ensure you stay up to date with changes in super law. This becomes even more complicated when the change is an old
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