First published in The Advertiser on 13 September 2021. Licensed by Copyright Agency. The use of self-managed superannuation for property investment and family savings is tipped to rise. But is it right for you? Nobody wants to pay a $150,000-plus tax bill if they can avoid it. But this is becoming increasingly common among property…
Written by Peter Burgess, Deputy CEO / Director of Policy a& Education, SMSF Association First published in Financial Review on 08 September 2021. Licensed by Copyright Agency. Recent ATO changes mean big tax penalties when you provide services to your DIY fund but don’t charge in full. For self-managed super fund trustees who offer their…
Written by John Maroney, CEO, SMSF Association First published in Financial Review on 15 July 2021. Licensed by Copyright Agency. Large families may benefit from new rules allowing up to six members of a self-managed super fund, but broadening access can also lead to dysfunction. From July 1, self-managed superannuation funds are able to increase…
Written by John Maroney, CEO, SMSF Association First published in Brisbane Times on 08 June 2021. Licensed by Copyright Agency. As the end of the financial year approaches, it is a good time for trustees to do an annual check-up on their Self-Managed Super Fund. Here are five key issues to be aware of in…
Written by Mary Simmons, Technical Manager, SMSF Association With over 1 million Australians having made the decision to take control over their superannuation and set up an SMSF, the Australian Government has recognised the need to find out more about this population. To better understand what motivates you and who influences you, the Government has…
Written by John Maroney, CEO, SMSF Association First published in The Sydney Morning Herald on 13 April 2021. Licensed by Copyright Agency. The decision to set up a Self-Managed Super Fund (SMSF) should not be taken lightly. Although it puts SMSF trustees on a journey towards financial self-funding in retirement, it also comes with a…
Written by John Maroney, CEO, SMSF Association First published in Financial Review on 24 February 2021. Licensed by Copyright Agency. Trustees frustrated by excessive paperwork and expensive advice frameworks will be watching two government initiatives with great interest. There is growing momentum for financial services reform that could see the cost of administering a self-managed…
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…
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…
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…
Enjoy the control and flexibilty that comes with managing your own super.