What is an SMSF Loan?

04-Apr-2022 | Finance, YOUR SMSF

What is an SMSF Loan? SMSF Loans (or Limited Recourse Borrowing Arrangements – LRBAs) assist SMSF trustees to borrow money to buy an investment property within their SMSF. SMSF Loans benefit people who need to build their retirement savings faster, or would like...

APRA reveals $34.4bn super early release

30-Nov-2020 | Compliance, Personal, YOUR SMSF

Over $34.4bn has been released from Australian Superannuation Funds under the COVID-19 early release scheme, the Australian Prudential Regulation Authority revealed. The figures, which do not include self-managed super funds, show the deep impact of the scheme on superannuation balances. 3.3 million initial applications and 1.3 million subsequent applications were received by funds.

Budget 2020-21: Road to Recovery?

07-Oct-2020 | Business, Compliance, Federal Budget, Personal, Tax, YOUR BUSINESS, YOUR FAMILY, YOUR RETIREMENT, YOUR SMSF

The 2020-21 Federal Budget is a road to recovery paved with cash.

Key initiatives include:
• Personal income tax cuts from 1 July 2020
• A $4 billion ‘JobMaker’ Hiring Credit to encourage businesses to take on additional employees aged 16 to 35 years old
• $110 billion in infrastructure investment over 10 years
• Immediate deductions for business investment in capital assets
• Changes to how companies can manage losses
• Access to generous tax concessions for a wider range of businesses

COVID-19 and your SMSF

03-Aug-2020 | Compliance, YOUR SMSF

COVID-19 and your SMSF COVID-19 has had an impact on many SMSFs. We look at the key issues. Early release of superannuation When a member of your fund wants to access up to $10,000 of their superannuation early under the COVID-19 measures, there are some additional...