Monthly Archives: November 2012

Life Insurance through Self-Managed Super

An advantage of Life Insurance (and Total & Permanent Disability – TPD Insurance) being paid by your super fund – commercial employer or Self-Managed Super Fund, is not only saving having to pay the premiums from your take-home pay, but … Continue reading

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Auditors face new range of standards for Self-Managed Superannuation Funds

The Superannuation Laws Amendment (Capital Gains Tax Relief and other Efficiency Measures) Bill 2012 was passed yesterday, as well as new requirements that Self-Managed Superannuation Fund (SMSF) auditors will now be subject to a range of standards concerning their qualifications, … Continue reading

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SMSF Basics – Cons of Self-Managed Super

Having a Self-Managed Super Fund (SMSF) does not mean all is smooth and easy. Before you set one up, consider there are Cons of SMSF: Responsibility is on you as trustee – Penalties can be up to: 46.5% tax, and … Continue reading

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New Laws – Directors now accountable for Superannuation Guarantee Charge (SGC) and other liabilities

Directors now accountable for Superannuation Guarantee Charge (SGC) and other liabilities Directors will now be accountable for their company’s outstanding Superannuation Guarantee Charge (SGC) under new laws.  According to the Australian Taxation Office (ATO), companies have two weeks to ensure … Continue reading

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Case Study – Business Man in Late 30’s with Young Family

Our client John is a business man in his late 30’s who had relatives with Self-Managed Super funds (SMSF) and saw how this gave them control to decide how and where their super money was invested. He wanted to understand … Continue reading

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Retirees take Possible Risks when Moving to Income and Capital Preservation Focus

Krystine Lumanta, of Investor Daily writes – Investors are overlooking possible risks when it comes to adapting investment portfolios as they approach retirement, Wingate Asset Management has claimed. The growing view that an investment approach skewed to income and capital … Continue reading

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Masterclass SMSF – In-specie Transfers – traps to avoid in Self-Managed Super

In-specie refers to non-cash and there are certain restrictions when transferring assets that are non-cash into Self-Managed Super Funds (SMSFs). Generally a super fund cannot acquire assets from related parties, whether purchased or contributed in-specie. This includes residential or investment … Continue reading

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