by Ben Smith | Jul 25, 2016 | Financial Planning
Criteria for borrowing within an SMSF For the trustee of an SMSF to be permitted to borrow for investment purposes the borrowing must be set up under an arrangement that satisfies certain criteria. These include that: The loan is used to purchase an allowable asset...
by Ben Smith | Jul 22, 2016 | SMSF Specialists
The main superannuation policy changes proposed by the Coalition going into the recent election are summarised below. The most controversial of these changes is the introduction of a lifetime non-concessional contributions cap of $500,000 that includes any...
by Ben Smith | Jul 21, 2016 | Accounting & Audit
On Friday 24 June news came through that Britain had voted to ‘Leave’ the European Union (EU) 52 – 48 per cent. But the debate about the implications for economies and financial markets is just beginning. For an overview of what this may mean for you...
by Ben Smith | Jul 21, 2016 | Accounting & Audit
As the new financial year commences consider getting in early with your 2015-16 tax return information so you can lodge this sooner rather than later. A reminder of documents you may need to compile to complete your tax return: Payment Summaries from your employer and...
by Ben Smith | Jul 11, 2016 | Financial Planning
Many investors borrow to invest. But did you know that Self-Managed Superannuation Funds (SMSFs) are also a vehicle to borrow for investment purposes? This means that your SMSF can borrow to acquire assets that it may not otherwise be able to afford, such as...
