Written by Tracey Scotchbrook, Head of Policy & Advocacy, SMSF Association As expected, the 2023-2024 Federal Budget has placed a strong emphasis on the cost of living and establishing a stronger, secure economy. From an SMSF perspective, we were pleased to see there were no unexpected changes likely to significantly impact the sector or superannuation…
Probably a question asked by many contemplating starting or continuing to run an SMSF. And rightly so as the decision to directly manage you retirement savings is one that should not be taken lightly by any member of an SMSF. For some, it may also be the anticipated time involved with running an SMSF that…
Opinion piece written by Peter Burgess, CEO, SMSF Association First published in Financial Review on 26 April 2023. Licensed by Copyright Agency. Capital gains tax liabilities and a sudden surge in asset prices just before June 20 are just two of them. It’s the year 2026 and Joan, a chartered accountant, has just retired from…
There has been much discussion of late regarding the shift from ‘growth’ to ‘value’ investing, perhaps prompting the question with some SMSF trustees, ‘do we need to adjust our investment portfolio along similar lines?’ My understanding of growth investing is that it’s where investors seek to grow their investments over time, often in a combination…
Opinion piece written by Peter Burgess, CEO, SMSF Association First published in Financial Review on 23 March 2023. Licensed by Copyright Agency. Unintended consequences could include insurance payouts, non recourse property loans and even death benefits. The government’s decision to introduce a $3 million cap on super balances above which earnings will be taxed at…
Written by Fabian Bussoletti, Technical Manager, SMSF Association Each year, several key superannuation rates and thresholds are indexed in line with movements to Average Weekly Ordinary Time Earnings (AWOTE) or Consumer Price Index (CPI). Following the release of these key statistics by the Australian Bureau of Statistics (ABS) last month, the thresholds most relevant to…
The Roaring ’20s, and I’m talking the 1920s, was a decade of economic growth and widespread prosperity. It followed the ‘Spanish Flu Pandemic’ which lasted two years, over a number of waves between February 1918 to and April 1920. Sound familiar? The decade following was a period of strong economic growth and technological change. Most…
Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 23 February 2023. Licensed by Copyright Agency. The Quality of Advice Review has a lot of good stuff, but the conversation is ongoing for specialist advisers and accountants. The final report of the Quality of Advice Review has much to…
Thank you for joining us again this year and for your interest and support over 2022. If you are joining us in 2023 for the first time, welcome and I hope you find these articles of interest and help. Just to reconfirm, these are my thoughts and ideas based on my experiences and are not…
Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 23 January 2023. Licensed by Copyright Agency. It’s not only about the starting amount, says the regulator – illustrating the point with two different case studies. For anyone considering setting up a self-managed super fund, the updated guidance released recently…