If you are wondering whether a self-managed supera nnuation fund (SMSF) can invest in cryptocurrencies, the quick answer is ‘yes’. SMSFs can invest in digital currencies the same way they can in other types of assets such as property, artwork or shares. The same rules apply as for other SMSF assets, but investing in crypto […]
Investing in Cryptocurrencies in a Self-Managed Super Fund Read More »
The COVID-19 pandemic has affected everyone’s lives, and SMSF trustees are no exception.
While the worst of the pandemic is (hopefully) behind us, trustees still have difficult questions to ponder as they focus on how best to position their SMSF in 2020-21 financial year.
If there is anything in this blog that you are unsure about, we encourage you to contact me to discuss your specific circumstances in more detail.
Your SMSF 2021 considerations Read More »
The economic impacts of the COVID-19 crisis are causing significant financial distress for many businesses and individuals. If your SMSF has a property and a tenant in financial distress, you may be able to provide your tenant with rental relief under an agreed commercial arrangement. This may even be the case when the tenant is
COVID-19 – Providing rental relief for the tenant in my SMSF property Read More »
You may be aware that the Government recently announced measures which allow individuals affected by the economic impacts of COVID-19 to access a limited amount of their superannuation early.
COVID-19 – Accessing your superannuation early Read More »
In this uncertain time, when we all have to adjust to a new reality, Governments all around the world are trying to stop the pandemic by protecting the most vulnerable citizens and, at the same time, make sure that the economy doesn’t collapse. Over the past two weeks our Government has announced two economic stimulus
COVID-19 – The Government’s economic stimulus super packages explained Read More »
As an SMSF trustee, you need to take special care when paying death benefits as you are responsible to ensure that the payment rules are met. Strict rules apply, affecting who can receive a death benefit, the form in which the death benefit can be paid and the timing of such a payment. Firstly, death
Superannuation death benefit limitations Read More »
You may be aware that the Australian Tax Office (ATO) has issued letters to nearly 18,000 SMSF trustees as part of a campaign to ensure trustees are aware of their investment obligations. Of key concern is ensuring that trustees have considered diversification and liquidity of their assets when formulating and executing their fund’s investment
When did you last review your SMSF’s investment strategy? Read More »
SMSF trustees need to truly understand diversification and better diversify their portfolios. The benefits of a well-diversified portfolio are numerous but the key ones that SMSF trustees should focus on are the benefits of mitigating volatility and short-term downside investment risks, preserving capital and the long-run benefits of higher overall returns. By spreading an SMSF’s
Is your SMSF adequately diversified? Read More »
From 1 July 2017, superannuation fund members are subject to a $1.6 million transfer balance cap (TBC) which limits the tax exemption for assets funding superannuation pensions. The TBC encompasses a significant amount of monitoring for an individual. This monitoring is to be facilitated by the Australian Taxation Office’s (ATO) event-based reporting framework. Event-based reporting
Transfer Balance Cap reporting – what does it mean for you? Read More »
Directly held property makes up approximately 19% of all SMSF assets, indicating that many SMSF trustees consider it’s an important and significant part of a diversified portfolio. There are numerous strategies and ways for property to form part of an SMSF’s investments and each must be carefully considered.
Property and my SMSF Read More »
