LATEST BLOG POSTS
Property in Super? Beware of the sting in the tail
Without doubt superannuation is the most long-term tax effective vehicle for accumulating wealth. For many people it is also their only form of savings outside of their family home. We've also heard time and time again about Australians' love affair with investing in...
Why Dividing Farm Assets Does Not Always Work
One of the toughest conversations farm families have to have is how to distribute farm assets after the senior generation has passed away. That conversation however, is a lot easier than the one on how a business is to be transitioned whilst everyone is fit and well!...
Corporate VS Individual Trustees for your SMSF
There has been much debate for many years about individual versus corporate trustees for self-managed superannuation funds. One sticking point for many clients has been the additional cost involved with establishing a corporate trustee, but recent changes to the way...
The value of time
I have been recently conducting seminars on the West Coast of South Australia on ‘Risk Management’. This presentation was originally designed to talk about the typical risks we see in businesses such as property damage, personal injury and lack of diversification. I...
Economic and Demographic changes
Recently I had the opportunity to hear renowned demographer, Bernard Salt speak on a range of topics. His talk certainly left me with some lasting thoughts on where the Australian economy was heading. In light of our ageing population, as well as the ethnicity...
New ATO penalties for Self-Managed Super Funds
The ATO has introduced new penalty powers which it can impose on you if your fund breaks certain superannuation rules. The new rules apply from 1 July this year and allow the ATO to fine you and require you to rectify the mistake that has been made. They can also...