News

ATO scrutiny on SMSF Trustees re investment strategies

September 2019 The ATO in September 2019 have written to 18,000 SMSF trustees where they believe the Fund holds more than 90% of its investments in a single asset or in a single asset class. They are concerned that the Trustee’s investment strategy may not be in compliance with the Superannuation legislation.  In the letter…

News

Inverse yield curve

September 2019 On 14 August, the three major US sharemarket indicators went into a tailspin; the Dow Jones Industrial Average was down 3.1 per cent, the S&P 500 2.4 per cent and the Nasdaq three per cent. And the villain in all this market selling? The inverse yield curve. For Australian investors waking up on…

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Issue 2: Cash – How much is enough in your SMSF?

August 2019 Hello again, for those who read the first of our SMSF Connect Investment Series – The importance of cash flow in your SMSF, I hope it was useful. For the next in our series, we’re sticking with the cash theme and ask ‘Cash – how much is enough in your SMSF?’ SMSFs are…

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Reflections from an investor

August 2019 Written by Hamish Douglass, Chairman and Chief Investment Officer, Magellan Financial Group. Insights gathered from years of investing include thoughts on how to find the right investments, how to let investments work for you, risk management and the best temperament to have when investing. “Your goal as an investor should be simply to…

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Beware transfer balance cap strategies when it comes to death benefits

August 2019 Opinion piece written by John Maroney, CEO, SMSF Association Published in the Australian Financial Review on 15 August 2019 Maximising your $1.6 million pension cap may backfire on your beneficiaries. Strategies to work around the $1.6 million transfer balance cap (TBC) may be useful for those in pension phase trying to maximise their retirement savings.…

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Short term nerves trump long term wisdom

August 2019 Investors have a bad habit of doing the wrong thing in the wake of sharemarket lurches such as the one we are experiencing, basing their reaction on gut instinct rather than logic. Newspapers will blare “billions wiped off markets” and nervous investors will obey their overriding nervous sentiment and sell. “Australian shares lose…

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SMSFs attract younger members

August 2019 Written by Robin Bowerman, Head of Corporate Affairs at Vanguard/Board Director of the SMSF Association Given that self-managed super funds (SMSFs) hold more than half of the retirement dollars in super, it is easy to assume that self-managed super is dominated by older members. Not so. In reality, a high proportion of investors establishing…