Why is an Enduring Power of Attorney essential?
We all recognize the need for a will when we begin to plan for our future and the future of our loved ones, however many
Read MoreCryptocurrency Investments for SMSFs
Cryptocurrency is a term used to describe digital assets used as a medium of exchange. The records of ownership are stored in electronic ledgers where
Read More5 Potential Errors When Running An SMSF
While an SMSF offers a number of benefits and can be a great way to grow your retirement savings, it is important to ensure your
Read MoreTop 10 Trustee Tips to Running a Successful SMSF
With over 590,000 SMSFs controlling over $760 billion in assets, it is obvious many Australians are opting to establish their own self managed super fund
Read MorePrecious Metals – How to hold Gold and Silver in an SMSF
There are different types of investments that an SMSF can hold and precious metals are one of the allowable asset classes. Before going down this
Read MoreUnderstanding SMSF Expenses
SMSFs inevitably incur expenses during their operating life. It is important to understand that of the expenses incurred, not all are able to be claimed
Read MoreApportioning SMSF Expenses
Where an SMSF has retirement phase pension accounts and accumulation accounts there may be a need to apportion expenses to determine the deductible component. This
Read MoreUnsegregated SMSFs and Actuarial Requirements
As a rule, SMSFs can either use the segregated or unsegregated/proportionate method to determine their Exempt Current Pension income (ECPI). However, there are instances where
Read MoreWork Test Exemption
Depending on a member’s age, the work test is a key test to be contemplated when making contributions to an SMSF, and SMSF trustees must
Read MoreGST and SMSFs
Goods and services tax (GST) is a tax of 10% on goods and services sold within Australia. GST is included in the price charged for
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