Opinion piece written by John Maroney, CEO, SMSF Association First published in The Financial Review on 04 December 2020. Licensed by Copyright Agency. Funds with balances of $200,000 or more are cost competitive with industry and retail superannuation funds and those with balances of $500,000 or more are typically the cheapest alternative. New research should…
Quite often a discussion about the investment emotional cycle starts as markets tend to head south. I recall a number of media articles circulating earlier this year following the February market correction. The basis of these discussions is often to provide hope that after the crash comes the correction and it’s true to say, that…
SMSFs are not for everyone, but for those individuals where an SMSF is entirely appropriate for them, the benefits can be considerable. In the context of ongoing public debate regarding the appropriate minimum size for an SMSF, new research has been provided to provide insights into the true costs of running an SMSF. And the…
November 2020 We believe that every Australian has the right to a good quality of life in retirement. An SMSF offers control, flexibility, and choice but ultimately, they aren’t the best option for everyone: it comes down to individual circumstances. To help those considering an SMSF for their retirement savings, this two-page flyer details a…
Written by Peter Burgess, Deputy CEO / Director of Policy & Education, SMSF Association First published in smstrusteenews on 20 November 2020. Licensed by Copyright Agency. Despite the strict rules which prevent or severely limit such activity, there is often a tendency for SMSF trustees to enter into transactions with themselves or relatives using the…
November 2020 The cornerstone of the 2020 SMSF Week was the release of a key piece of research, conducted by Rice Warner, to update its previous findings for the Australian Securities and Investments Commission in 2013 ‘Costs of Operating SMSFs‘. Assessing the cost-effectiveness of SMSFs compared to APRA regulated super funds, the research, examines the…
Lisa Papachristoforos runs through some common SMSF misconceptions with the SMSF Association’s Deputy CEO/Director of Policy & Education, Peter Burgess, and explains what prospective SMSF members can do to be well informed about the industry. First published in Eureka Report on 10 November 2020. Licensed by Copyright Agency. Misconception 1: You are on your own My…
Superannuation rules are never stable, and the start of the 2020/21 financial year is no different. For older Australians, recent changes to the contribution rules may present new opportunities to contribute to superannuation. The changes are focussed on individuals aged between 65 and 74 and are designed to provide more flexibility in retirement. So, what…
Opinion piece written by John Maroney, CEO, SMSF Association First published in The Sydney Morning Herald on 10 November 2020. Licensed by Copyright Agency. Eight out of 10 Self Managed Super Fund (SMSF) trustees believe the cost of running their own fund represents good value for money. An SMSF Association survey found that trustees responsible…
Written by Name, Title, Company Whether you are thinking of setting up a self managed super fund (SMSF) and want to familiarise yourself with what is involved or you’re a long-term trustee that wants to ensure they are adhering to the various rules and regulations of SMSFs, running your own fund is a big responsibility.…