Packages for SimpleFund 360

Written by Hein Preller Posted in Uncategorized

Having Online Access to your SMSF helps you to manage your SMSF affairs better. We offer a choice of 4 packages to meet our clients’ online access needs. The Monthly Fee packages for SimpleFund 360 Online Access are detailed below: The cost for comprehensive Online Access (Basic Package + Bank Data + Share Data) is […]

How to buy gold with your superannuation

Written by admin Posted in General News, Investment

Australians are always on the lookout for new ways to fund their transition into retirement. Using the superannuation fund to invest in precious metals commodities is a financial channel that many utilize to secure their future, particularly investments in gold. When it comes to investments in gold, Australia should take cue from Germany’s methods in […]

Managed Investment Schemes

Written by admin Posted in Investment

Managed Investment Schemes (MIS) allow investors to access assets that may be financially out of their reach, or to diversify across a broader base within an asset class. MISs are suitable for use within an SMSF, with the following provisions: 1. Your Trust Deed allows investment in MISs; and 2. The Investment Strategy allows for […]

SMSF recent changes

Written by admin Posted in SMSF Guidance

Summary of superannuation changes Recent changes to SMSF legislation: Concessional contributions cap Superannuation guarantee contributions Information on Employee Payslips Low Income Super contributions Changes to Tax Concessions Provided to Very High Income Earners Changes to Excess Contributions Tax Changes to SMSF levy SMSF auditor registration Off – market transfers Market Valuation Investment  Strategy requirements Unclaimed […]

Winding up an SMSF

Written by admin Posted in SMSF Guidance

Winding up an SMSF is similar to closing down a company. An SMSF might be wound up because: The SMSF never had any funds in it – in this case the wind up process is fairly straightforward All the benefits may have been paid out of the fund To wind up your SMSF you will […]

What to do when a Trustee become a disqualified person

Written by admin Posted in SMSF Guidance

An SMSF trustee becomes disqualified person There are consequences when a trustee of an SMSF becomes a ‘disqualified person’. Trustees include directors of a corporate trustee of an SMSF. If you are a trustee and become a disqualified person, you are not allowed to remain a trustee. Removing yourself as a trustee If you become […]

SMSF annual return cannot be lodged until the SMSF has been audited

Written by admin Posted in SMSF Guidance

Before the Annual Return for SMSFs can be lodged, there are 2 requirements that needed to be met: [gn_list style=”arrow”] Firstly, the Super laws require that SMSFs have their accounts, statements and compliance audited each year. Secondly, you need information from the audit report to complete the regulatory information in the return. [/gn_list] As your […]

Updates for superannuation in 2014 – 2015 Federal Budgets

Written by admin Posted in General News

There were limited changes for SMSF in the 2014 -2015 Budget. A summary of what is relevant for SMSF in this budget is noted below: No excess contribution tax for non-concessional contribution From 1 July 2013, individual who makes excess non-concessional contribution now has an option to withdrawn the excess amount together with any earnings […]