Following a decision handed down by ASIC on April 14th 2020, it will be easier for Australians to get assistance from professional accountants and financial advisers in making decisions about their financial position in the face of the COVID-19 pandemic. The Australian Securities and Investments Commission (ASIC) has announced three temporary relief measures to help…
April 21, 2020
COVID-19 – Providing concessions for the LRBA in my SMSF
The economic impacts of the COVID-19 crisis are causing significant financial distress for many businesses and individuals. If your SMSF has a related party loan and is impacted due to the financial effects of COVID-19, you may be able to provide your LRBA with relief under an agreed commercial arrangement. Ordinarily, not paying market interest…
April 21, 2020
Risk and rebalance
Written by Robin Bowerman, Head of Corporate Affairs at Vanguard/Vice Chair of the SMSF Association It’s often said that for a better chance at investment success, portfolio decisions should never be guided by specific moments. This is probably more evident than ever in this volatile market, where daily swings can reach surprising heights and then…
April 15, 2020
Catch-up concessional super contributions a valuable asset
Opinion piece written by John Maroney, CEO, SMSF Association First published in The Sydney Morning Herald on 14 April 2020. Licensed by Copyright Agency. Uncertain economic factors and turbulent sharemarkets as the coronavirus pandemic bites are worrying for anyone who is saving for their retirement – whether they are stopping work soon or still have…
April 2, 2020
Webinar: COVID-19 and your SMSF – Part 2
Presented by Franco Morelli, Policy Manager, SMSF Association This webinar outlines the direct impacts of the latest announcements on SMSFs and key resources that will assist you during this difficult period. This webinar covers further financial effects of COVID-19 on you and your SMSF including: A summary of the latest announcements such as the JobKeeper…
April 1, 2020
COVID-19 – Providing rental relief for the tenant in your SMSF property
The economic impacts of the COVID-19 crisis are causing significant financial distress for many businesses and individuals. If your SMSF has a property and a tenant in financial distress, you may be able to provide your tenant with rental relief under an agreed commercial arrangement. This may even be the case when the tenant is…
March 31, 2020
COVID-19 – Accessing your superannuation early
You may be aware that the Government recently announced measures that allow individuals affected by the economic impacts of COVID-19 to access a limited amount of their superannuation early. Making the decision to access your superannuation early is a significant one and if possible, should be encompassed by financial advice, particularly from an SMSF Specialist.…
March 26, 2020
The SMSF Association’s COVID-19 FAQ
This document is up-to-date as at 11 May 2020 FAQ: COVID-19 and what it means for the SMSF sector In this current period of uncertainty, there are many questions around the new stimulus packages, early release of super, minimum pension withdrawal reduction, rental and loan relief and more… To help make it easier for you,…
March 26, 2020
Webinar: COVID-19 and your SMSF – Part 1
Presented by Franco Morelli, Policy Manager, SMSF Association This webinar outlines the direct impacts of the latest announcements on SMSFs and key resources that will assist you during this difficult period. This webinar features: An SMSF Association update – how we are working to support SMSF trustees like you. Summary of key superannuation measures and…
March 25, 2020
The SMSF Association’s COVID-19 summary
Last updated on 25 March 2020 Over the past two weeks the Government has announced two economic stimulus packages to cushion the economic impact of the Coronavirus. A total of $189 billion is being injected into the economy by all arms of Government in order to keep Australians in work and businesses in business. This…