When it comes to assets like artwork and wine—to name a few—you need to make sure your fund complies with new rules.Online source: Produced by AMP Life Limited and published on 10 September 2015.On 1 July 2011, new regulations stipulating the way trustees of a self-managed superannuation fund (SMSF) hold and use collectibles and personal-use assets […]
What should I do if I am worried about my Investment or Super?Your super may have been impacted by the recent increased volatility in the markets – as have the super accounts of other individuals and even large institutional investors. 1. TAKE A MORE ACTIVE INTEREST IN YOUR SUPER Research your investment options. Talk to your […]
The Affects of Market VolatilityWhen the stock market goes up one day, and then goes down for the next five, then up again, and then down again, that’s what you call stock market volatility.It’s important to realise that share market volatility is inevitable. It’s the nature of the market to move upwards as well as […]
The Financial ties that bind……..They say, only one thing in life is certain. And while we would rather plan our next holiday than consider what’s going to happen when we die, it is one inevitable event that we should all plan for.When someone dies, it’s a very difficult time for all the family. A Will […]
Are you ready to take full control over your super?Self managed super funds (SMSF) have become a popular way for Australians to build their retirement savings.In fact they’re now the fastest growing part of the superannuation market, with more than one million of us being members of an SMSF.Thousands of SMSFs are being established every […]
If your super’s in the too-hard basket, read on so you can take control and make the most of your money.The Australian superannuation system comprises money from working and retired Australians. All up, it’s projected to total $8 trillion by 2033 and some of that is likely to be your money. If you take an […]
Here are 5 Ways to Reduce Taxes on your Self-Managed Super Fund! 1. Nomination of beneficiaryBy nominating a spouse, minor child or financial dependent as a beneficiary, the family can avoid the payment of tax on a lump sum death benefit. One common trap is nominating the estate as a beneficiary, and as a result having superannuation […]
Before you set up a self-managed superannuation fund (SMSF) you need to ensure you are eligible to be a member and trustee, and understand your responsibilities. Who can be a member? Essentially anyone can be a member of an SMSF provided they are not an employee of another member unless they are related to them, […]
When it comes to accessing your super, it’s important you make the right choice. You’ve spent your working life accumulating super. So when the time comes, are you better off taking a lump sum, regular income or both? Let’s weigh up the alternatives so you can start to consider what may be best for you. […]
