Is limited recourse borrowing right for your SMSF?

If you are thinking of limited recourse borrowing to make an investment for your self-managed super fund you need to consider whether this is the right investment for your SMSF or not. Your financial adviser may also offer to set up a limited recourse borrowing facility for you. Limited recourse borrowing loans may be presented to you in various ways. You may be given a [...]

2017-10-20T04:33:21+00:00 October 20th, 2017|Categories: SUPERANNUATION|Tags: |0 Comments

ATO upping scrutiny on risky SMSF strategy

SMSF practitioners should exercise caution with strategies involving transferring life estate interests to an SMSF with the ATO looking at them “in every possible detail”, according to one industry lawyer. DBA Lawyers director Daniel Butler noted the steadily increasing publicity around SMSF members transferring life estate in business real property (BRP) by way of an in kind or in specie contributions to SMSFs is potentially problematic [...]

2016-10-12T23:45:46+00:00 February 5th, 2016|Categories: SUPERANNUATION|Tags: |0 Comments

SMSF residential property loans: their days may be numbered

Australian property investors have become complacent about access to home loans, but a tightening of lending practices has been eating away at available ­credit. To the glee of DIY super fund holders, the government rather shockingly ignored advice from David Murray and the Financial Services Inquiry to drop lending for residential property to self-managed super funds. It was the only proposal of 44 not to be [...]

2016-10-12T23:45:46+00:00 February 4th, 2016|Categories: SUPERANNUATION|Tags: |0 Comments

Technology tipped to disaggregate SMSF admin services

Enhancements in technology will see SMSF administration services become disaggregated, allowing accountants to purchase individual services instead of suites of capabilities, according to one prominent SMSF administrator. Speaking to SMSF Adviser, Heffron SMSF Solutions' Martin Heffron said SMSF administration services are, at the moment, a bundle of services – such as tax return lodgment, bookkeeping, consolidation and management of data feeds – wrapped up together and [...]

2016-10-12T23:45:49+00:00 February 1st, 2016|Categories: SUPERANNUATION|Tags: |0 Comments

Australia’s top SMSF service providers revealed

Australia’s top SMSF service providers have been revealed in this year’s SMSF Awards. The SMSF Awards, an initiative of SMSF industry publication SMSF Adviser, create a benchmark for success in the ever-growing self-managed super fund sector. According to Terry Braithwaite, associate publisher of SMSF Adviser, securing a coveted SMSF Award is a milestone for any business and confirms its level of commitment to the sector. “With [...]

2016-10-12T23:46:36+00:00 July 3rd, 2015|Categories: SUPERANNUATION|Tags: |0 Comments