Opinion piece written by John Maroney, CEO, SMSF Association First published in The Sydney Morning Herald on 09 June 2020. Licensed by Copyright Agency. One of the benefits of saving for retirement through a self-managed super fund is that when you need to respond quickly to changing economic or market conditions that could hurt the…
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May 25, 2020
Issue 11: Portfolio repair to your SMSF following market disruption
Hello once more and thank you for joining in during these challenging times and once again, I trust that you, your family, friends and colleagues are all well and are starting to feel more comfortable as some social restrictions begin to be lifted. As the overriding principle for restrictions to continue to be lifted is…
May 21, 2020
Here’s an end-of-year guide for SMSF trustees
Opinion piece written by John Maroney, CEO, SMSF Association First published in the Financial Review on 21 May 2020. Licensed by Copyright Agency. COVID-19 will make the end of the financial year more complicated than usual for some self-managed superannuation fund trustees. Here are some tips. For self-managed superannuation fund (SMSF) trustees, the end of any financial…
May 20, 2020
SMSF liquidity lessons learnt from the pandemic
Written by Robin Bowerman, Head of Corporate Affairs at Vanguard/Vice Chair of the SMSF Association Sometimes it is true that you don’t know what you’ve got. Till it’s gone Music aficionados will recognise that line from Joni Mitchell’s 1970s hit Big Yellow Taxi. There will be many lessons we learn from the COVID-19 pandemic and its…
May 6, 2020
Be aware of biases
Written by Robin Bowerman, Head of Corporate Affairs at Vanguard/Vice Chair of the SMSF Association As the curve continues to flatten and as states around Australia begin to ease lockdown restrictions, many might be wondering what life will look like “on the other side” of the COVID-19 crisis. Restarting economies after they have been in…
April 24, 2020
Webinar series: COVID-19 in discussions with the ATO
In this 3-part webinar series, Peter Hogan, Head of Technical, SMSF Association speaks with Steven Keating, Director, SMSF Client Experience – SMSF Segment, from the Australian Taxation Office on the ways the ATO is supporting SMSF trustees during the COVID-19 pandemic, and important measures to be aware of. These important measures include: Temporary early access…
April 23, 2020
Issue 10: Time to review, take stock and plan ahead
Written by Name, Title, Company Hello again and thank you for joining in once more. Again, I trust that you and family and your friends and colleagues are all well given the difficult circumstances in which we all find ourselves. In our last instalment, while it focused on rebalancing portfolios, we also touched on the…
April 23, 2020
Do’s and don’ts of repositioning your SMSF portfolio
Opinion piece written by John Maroney, CEO, SMSF Association First published in The Financial Review on 23 April 2020. Licensed by Copyright Agency. Given COVID-19 volatility, trustees should be revisiting the objectives they have set for their long-term retirement savings as well as the investments. One of the many benefits of using a self-managed superannuation…
April 21, 2020
ASIC grants relief enabling affordable and timely advice during COVID-19
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…