NewsSMSF Insights

How retirees can save more than $3000 a year

Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 1 December 2022. Licensed by Copyright Agency.  The income threshold for eligibility for a Senior’s Health Card has just been significantly increased in gift to many self-funded retirees. For some self-managed super fund (SMSF) members, Christmas has come early. Seven…

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When stepchildren miss out on inheritance

Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 4 November 2022. Licensed by Copyright Agency.  An ATO ruling that excludes family members on the death or divorce of their natural parent seems arbitrary in a society where blended families are widespread. For self-managed super fund trustees, the issue…

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Issue 38: Australia gained 400,000 new millionaires and it has a lot to do with property!

Now I have your attention, that’s according to the Credit Suisse Research Institute’s Global Wealth Report released in September, now more than a year after the study was conducted. Another factor contributing to the growth in Australian millionaires is from stock market gains, which when added to those of property and other investments saw Australian’s’ average wealth…

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Deciding who gets your super after you die? Follow these three steps

Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 5 October 2022. Licensed by Copyright Agency.  The High Court decision in Hill v Zuda has given trustees greater certainty around binding death benefit nominations. The High Court has spoken. In its decision in Hill v Zuda Pty Ltd, it…

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Issue 37: What will be the next big thing in investing?

With many commentators, be they financial journalists, investment managers or perhaps those around the Sunday barbeque predicting the next big thing…  ‘will it be lithium to create batteries for EVs, biotech or ESG investing for social good or the return of small cap companies’… it may be time to reflect on where we are in…

NewsSMSF Insights

Why SMSF trustees could be the big losers

Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 7 September 2022. Licensed by Copyright Agency.  Accountants are crucial to DIY super funds yet their role has been overlooked in the Quality of Advice Review. When the Quality of Advice Review consultation paper was handed down recently, there was…

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Issue 36: Are you across all you need to know about your SMSF? I now know I’m not!

Over two days towards the end of July, I attended the SMSF Association’s Technical Summit as both a speaker and exhibitor. The event is conducted for industry professionals; advisers, specialists and those providing support, accountants and administrators to the SMSF sector.  All up there were around 300 attendees, who were provided with two very full…

NewsSMSF Insights

Hottest new super strategies to help your kids and spouse

Opinion piece written by John Maroney, CEO, SMSF Association First published in Financial Review on 10 August 2022. Licensed by Copyright Agency.  Recontribution tactics made possible by rule changes are a game changer for older Australians and their families. The 2021 federal budget introduced sweeping changes to superannuation, most of which have become law. Two…

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Issue 35: Keeping an eye on the big picture can be a challenge, but what about the bigger big picture – what the 2021 Census is telling us

With headlines talking of a volatile and challenging year to the end of June; citing geopolitical tensions in Eastern Europe, rising inflation and interest rates lead to equity markets here in Australia and overseas falling. It’s hard to keep any eye on the big picture that is our investment strategy, let alone the bigger one;…