Monthly Archives: April 2012

Does borrowing in my SMSF count towards my contributions cap?

Q: If I borrow to buy a property inside my SMSF, is that borrowed amount considered a contribution to the fund? A: Whether or not the borrowed amount is considered a contribution depends on how the borrowing is done. If … Continue reading

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SMSF – Roadmap to Successful Share Investing

Distilling the core issues of share investing for SMSF trustees and other Investors Self-managed super funds (SMSF) need to have a strategy to make sound investments. There is no need to be scared of shares, as simple tools and formulas … Continue reading

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SMSF purchase leasehold premises without borrowing

Ownership by freehold and leasehold of a property are both defined as business real property. An SMSF purchasing a freehold business and leasing the business real property to a related party business, can be achieved. The SMSF can purchase leasehold … Continue reading

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More Retirees shift to SMSFs and starting pension payments

More retirees are shifting their life pension savings into self-managed superannuation funds, in a grab for control that will drive corporate and industry funds to switch strategies to stop members fleeing. Statistics released by the Australian Taxation Office showed that … Continue reading

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Excess Contributions – SPAA warns of ‘perfect storm’ – watch 1 July 2012 when over 50’s cap halves with Bal over $500K!

Recent Australian Taxation Office figures revealing another increase in excess contributions tax (ECT) breaches foreshadows a potential perfect storm when the concessional contribution cap for those aged 50 and over, with a superannuation balance over $500,000, is halved again from … Continue reading

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Bonds vs Share popularity in super and SMSF

There has been much debate recently about whether superannuation funds have too much in shares and not enough in bonds. The basic argument is that compared with other big countries, Australian pension funds have a higher share allocation and a … Continue reading

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Excess Contributions Tax assessments 2009-2010 nearly three times 2008-2009

The number of Excess Contributions Tax notices issued in the 2009-10 financial year has spiked by almost 296%, according the latest statistical update from the ATO. The sharp increase from 15, 315 assessments issued in 2008-09 to 45,330 in 2009-10 … Continue reading

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