Family trusts have come back onto the radar of SMSFs following the recent budget update announcements that limit the amount of money that can be contributed to a super fund and still receive preferential tax treatment. Should the Senate approve the changes, from 1 July 2017, SMSF will be capped at $1.6 million in the super Read more…
According to the latest industry research from Rainmaker Advantage, as reported recently in Financial Standard, 75% of new SMSF members are aged below 55. The data presents a strategic shift in the sector. Whilst two thirds of existing SMSF members are aged 55 and over, most SMSFs being established now are by younger people in their 40s, 30s and Read more…
In 2010, a change to the rules allowed a Self-Managed Super Fund (SMSF) to borrow money to invest in property assets. Before the rules changed, direct investment in a property via a superfund was rare because few had enough money in super to purchase a property outright. Since the rules Read more…
Corporate or Individual Trustee – Which one is best for you? At BND Financial, we generally prefer a Corporate Trustee over Individual Trustees for Self Managed Super Funds (SMSFs), some of these reasons are discussed below: • Where you have a Sole Member Trustee, and the SMSF is established for that one individual, that sole Read more…