1. Is residential property inside super the right strategy for your SMSF?

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    While residential property prices in both Sydney and Melbourne have experienced exceptional growth over the past 3 years, the Chairman of the Australian Securities & Investments Commission (ASIC), Greg Medcraft, and many other leading Australian economists have recently warned investors to take care if they are looking to invest in residential property. With the strong growth in residential property unlikely to continue it is important that SMSF trustees looking to invest in property as part of their fund’s investment strategy take note of these comments from ASIC and other regulators before investing.

    Like any investment it is also important that trustees who want to include residential property as part of their asset mix consider matters such as the sole purpose test, liquidity, insurance, likely expenses vs anticipated income and capital growth before making an investment.

    For more information on residential property inside super, please contact our team on telephone number 1300 664 118.

  2. Government hits Self Managed Super Funds hard

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    As a result of recent legislative changes, self managed super trustees will be required to pay a higher Supervisory Levy to the Australian Taxation Office (ATO) each year. The increase to the levy from $191 to $259 took effect from July 2013. In addition to an increase in the levy, the collection of the Supervisory Levy now occurs in the relevant financial year, rather than the following financial year.The Government has argued that the increase to the Supervisory Levy is to cover the increasing compliance and regulatory costs in the sector.

  3. New obligations for Self- Managed Super Fund Trustees

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    It is important that SMSF trustees are aware of some of the recent regulatory changes that came in effect on 1 July 2014.In addition to being able to tax and penalise SMSFs for breaking the rules without having to make them non-complying, the ATO now have the powers to do the following:

    • Direct trustees to rectify specified contraventions
    • Enforce mandatory education on trustees who contravene the SIS legislation
    • Tax amounts that are illegally released from a fund at the non-complying superannuation rates.

    These changes will allow the ATO to have more control over the penalties imposed on SMSF trustees and therefore highlight the importance of having all your SMSF compliance requirements in order.

  4. Invest overseas before you miss out

    Recent data compiled by Morningstar highlights the need for SMSF trustees to consider international investments in their asset mix

    In a recent analysis of the Australian share market Morningstar found that over 53% of the ASX 300 index is represented by companies with exposure to either the financial services or resources sectors.  When compared to other global markets this concentration of ASX listed stocks to financials and resources is extremely high and makes diversification difficult.  In their research Morningstar also noted that two key investment sectors, Technology and Healthcare, were poorly represented in the ASX 300 index.  With these points in mind it is critical that SMSF trustees consider international investments as part of their overall asset mix. To learn more about the role international investments play in a fund’s investment strategy please contact our office on telephone number 1300 664 118
  5. What is the right trustee structure for your SMSF?

    Many Trustees have taken the easy way out when setting up their fund with drastic consequences. We can show you the way to fix it.

    While it may be cheaper in the short term to have an individual trustee structure, a corporate trustee structure is generally a more appropriate structure for the majority of self-managed super funds. Under a corporate trustee arrangement, it is possible to have a sole-member, sole-director fund, whereas individual trustee funds must have at least two trustees. Under an individual trustee structure if a member dies or decides to resign as trustee the implications on the fund can be significant. It is therefore critical that you have the right trustee structure for your SMSF.
  6. Are you finding managing the investments in your SMSF too hard and time consuming?

    Many SMSF investors still want control but they need expert hand holding when selecting the investments that suit them. We can help.

    The investment selection process is one of the hardest parts of the self-managed super process. At selfmanagedsuper.com.au we understand that some of the trustees we look after do not have the time or expertise to manage their money and that is why we have developed our own model portfolios. These portfolios incorporate all the major asset classes and include investment options like exchange traded funds, listed shares, term deposits and bonds. Through the use of a global investment committee we take a macro approach to rebalancing and managing our portfolios. We focus our investment selection decisions on sectors and regions we expect to outperform over the long term and build portfolios for clients which factor in income requirements, risk and investment timeframe.

  7. Why a Family Super Fund is the best way to keep the wealth in the family.

    We can help you set up a family super fund to pay for school fees and salary sacrifice the mortgage repayments.

    With the growth of SMSFs increasing at breakneck speeds, many families are considering pooling their assets together to better manage their retirement and estate planning requirements. As a self-managed super fund can have up to four members, they provide a great opportunity for families to bring their super together. Families who pool their superannuation balances gain the benefits of scale and are increasingly looking to buy investments like investment properties and manage their estate planning requirements in a more controlled structure. To learn more about the many benefits associated with the family super fund, please contact us.
  8. Does your current Accountant or administrator give you up to the minute access to your investment portfolio?

    We can connect you to your own online portal for complete access to your fund at no additional cost.

    All clients of selfmanagedsuper.com.au get online access to view their accounts an investment portfolio(s) throughout the year. In addition to providing you will daily valuation updates our online portfolio system will allow you to closely monitor the tax position and asset allocation of your self-managed super fund.

    If you would like to see how our online portfolio system works please use this link.

    The login details are as follows

    Username: info@selfmanagedsuper.com.au
    Password: Mysmsf13