Masterclass SMSF – Death of a member SMSF
Death of a member SMSF On the death of a self-managed super fund (SMSF) member, the SMSF usually pays a death benefit to a dependant or other non-dependent beneficiary of the deceased. This should be...
View ArticleMasterclass SMSF – Death of a member – Can pay out as lump or pension
Death of a member – Can pay out as lump or pension Commonly it is thought that on death of a member, the death benefit must be paid out as lump sum only. But a legal expert says you can also pay out...
View ArticleMasterclass SMSF – What is “In Specie Transfer” or Contribution
What is “In Specie Transfer” or Contribution When we say “In Specie” transfer or contribution we refer to a way of moving an asset into a Self-Managed Super Fund by ownership without having to actually...
View ArticleNEWS – Recommended Min. SMSF start balance dropped by ASIC
Recommended Min. SMSF start balance dropped by ASIC The Australian Securities and Investments Commission (ASIC) has updated its guidance regarding the provision of SMSF advice and removed specific...
View ArticleMasterclass SMSF – Rollins to SMSF – What to know
Rollins to SMSF – What to know A rollin is when you transfer (rollover) all or part of your super to another registered super fund, such as your SMSF. You can accept an SMSF Rollover from your...
View ArticleMasterclass SMSF – Invested heavy in shares and cash – Need diversification?
Invested heavy in shares and cash – Need diversification? According to Vanguard, strong weightings towards shares and cash in SMSFs may expose a need for greater asset diversification. SMSFs managed...
View ArticleMasterclass SMSF – SMSF Collectables Rules – ATO advise determine if the...
SMSF Collectables Rules – ATO advise determine if the effort and cost is worth it Beware of the rules and problems if you want to invest in collectables in your SMSF – the traps can be very costly, as...
View ArticleMasterclass SMSF – EOFY – Pension Backdating technically not allowed – be...
EOFY Master Class – Pension Backdate not advised An SMSF legal expert has issued a warning to advisers and trustees about the potential risks involved in retroactively applying a pension to the...
View ArticleSMSF Basics – ATO warning property schemes with loans to members to buy own...
ATO warning property schemes with loans to members to buy own property SMSF trustees and members are warned by the ATO, to be wary of property purchase schemes that involve super and loans, targeting...
View ArticleMasterclass SMSF – Nearly Half SMSF members will need help with growing risk...
Nearly Half SMSF members will need help with growing risk of incapacity to manage their super The growing cohort of older SMSF trustees and members means advisers and auditors should be preparing to...
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