Buyer beware when acquiring assets from a related party

March 2021 The unforeseen, and rapid onset of the COVID-19 pandemic may have caught some individuals by surprise, especially if working hours were reduced or their income earning capacity was negatively impacted.  For those individuals who have met the required conditions to release money from their SMSF, they may opt to increase pension drawdowns or…

Collectables and Personal use assets: Insurance myth busted

March 2021 Since 1 July 2011, the SIS Regulations require trustees of SMSFs to insure collectables and personal use assets owned by the fund – other than memberships of sporting or social clubs – in the name of the fund within seven days of acquiring the item.  The need to insure provides a protection mechanism…

The importance of asset allocation tracking for SMSFs

November 2020 Content provided by Sharesight Tracking your asset allocation is a crucial part of maintaining a self-managed super fund  – and one that is all too often put off by trustees. The ATO requires self-managed super funds (SMSFs) to document their asset allocation and how this aligns with their investment strategy, reviewing this at…

Performance of the Top 20 SMSF shares in FY19/20

July 2020 Content provided by Sharesight Sharesight is an award-winning online portfolio tracker and performance reporting tool used by SMSF trustees to take the admin hassle out of tracking their SMSF investments. SMSFs make up roughly 35% of the portfolios tracked in Sharesight by Australian investors. From these portfolios, we’re able to generate insights into…

Is it time to review your fund’s investment strategy?

October 2019 You may be aware that the Australian Tax Office (ATO) has issued letters to nearly 18,000 SMSF trustees as part of a campaign to ensure trustees are aware of their investment obligations. Of key concern is ensuring that trustees have considered diversification and liquidity of their assets when formulating and executing their fund’s…

Your SMSF investment strategy and portfolio

February 2019 As a trustee you are required to review your investment strategy regularly to ensure it continues to reflect the purpose and circumstances of your fund and its members. An SMSF investment strategy must take into account the following: The risks involving in making, holding and realising the SMSFs investments, their expected return and…

Is your SMSF adequately diversified?

December 2018 There are numerous benefits of a well-diversified portfolio including mitigating volatility and short-term downside investment risks, preserving capital and the long-run benefits of higher overall returns. By spreading your SMSF’s investments across different asset classes and markets offering different risks and returns, you may better position yourself for a secure retirement. However, did…

Can your SMSF invest in a racehorse?

November 2018 A popular question around Melbourne Cup time, can your SMSF invest in a racehorse? Unfortunately, the answer isn’t a simple yes or no. Whilst there is no direct restriction on investing in a race horse, the biggest issue is whether investing in a racehorse satisfies the specific legal requirements of superannuation law. Ultimately,…

Podcast: SMSF strategies, benefits and traps you need to know

September 2018 Self-managed superannuation funds make up 30% of the $2.3 trillion total superannuation pool and there are more than 1.1 million SMSF members, according to the Australian Taxation Office. From gearing to renting out vintage wedding cars, SMSFs offer investors the ability to deploy a wide variety of investment strategies and the structure provides…