The development of user-focused tools enabling SMSF members to direct their investments, receive information, make decisions and intuitively reach their own goals is moving ahead quickly.
Author Archive | Andrew Bloore
Insurance bonds may be a good fit for high income earners looking for a long-term investment option. Although a life insurance product, there are early signs of an SMSF-like structure to increase the appeal and availability.
There are many places in the SMSF value chain where a company can operate. The best businesses choose a place where they can excel and try to become the best.
The recent budget has highlighted the importance of superannuation in supporting the age pension system. Why then, would the Government want to remove many of the incentives for building a healthy super balance?
Constant changes to an already complex super system mean trustees should be continually learning. Rather than focusing on compliance and rules, trustees need new tools to help make good investment decisions.
Qualifying as a ‘wholesale’ investor opens many investment opportunities not available to most retail investors, but the interpretation of the rules is inconsistent across the industry.
The ATO will step up surveillance of SMSFs in 2013/14, and trustees need to ensure their fund is compliant. There are rules around the acquisition of assets, especially related party transactions.
Thinking differently about how to get the best out of your super means taking time to talk through the options that meet your personal needs, and making it work for you. And don’t associate ‘pension’ with ‘old age’.
Everyone is different so you need to design your SMSF for yourself and your dependents. That’s the importance of ‘self’ in self managed super.
We will have a significant retirement funding problem for at least the next 30 years. We need super to reduce the future tax burden on those employed who will be asked to support an ageing population.