Collectables and personal use assets have been a very enticing investment for SMSFs for many years. It’s simple, the SMSF purchases a painting, a motor vehicle, jewellery, wine etc. etc. and then the trustees use the assets ‘incidentally’ or ‘insignificantly’. […]
WHAT IS DEATH BENEFIT TAXES? Death benefit taxes are something that can be very complicated and unexpected for beneficiaries of a Superfund death benefit payment, particularly where that deceased member has not implemented the appropriate estate planning strategies. When it comes […]
It is important to understand who a related party is of a Self-managed Super Fund (SMSF’s) as there are several guidelines around the acquisition of certain assets and the size of related party investments an SMSF can make (specifically In-House […]
What is a Re-Contribution Strategy? If you have clients under 60, a quick review of their members balance could reveal a strategy that should be jumped on. Under the re-contribution strategy, your client will need to be considered retired from the […]
SMSF Residency If one of your SMSF clients were to call you today and let you know they are planning to move overseas on a permanent or temporary basis, would you be able to provide your client with the appropriate […]
What is a Reversionary Pension? A reversionary pensions refers to a type of pension that is designed to revert to a dependant beneficiary after the death of the member who is in receipt of an account based pension or transition […]
From the 27th – 29th of July, we attended and spoke at the Smithink Offshoring Conference. Many accountants travelled from across the country to attend this event, with an aim to grasp a better understanding on outsourcing and how it can […]
On Thursay the 30th of July, Mike and Frank attended the SMSF Association State Technical Conference where they had the pleasure of meeting the CEO of the SMSF Association (formally known as SPAA), Andrea Slattery. Since establishing the SMSF Association in 2003, […]
Business in Bali – Key Highlights! From the 12th to 16th July 2015 SuperAA attended the Panalitix Annual Conference. After listening to the Key Speakers…..the take-away’s really endorse our business philosophy which represent the key elements that drive our own […]
Q: I run a single member SMSF. I am 70, retired and my entire members balance is an Account Based Pension. 99% of my assets are in a Term Deposit and the small amount left over is in a bank […]
