As a trustee of a Self-Managed Superannuation Fund (SMSF), it is essential to ensure that you comply with all regulatory requirements set out by the Australian Taxation Office (ATO). One such requirement is the Sole Purpose Test, which is an [...]
ANZ bank has become the first of Australia's big four banks to announce it will pass on the full 0.25 percentage point Reserve Bank of Australia (RBA) hike to its variable mortgage rate. The move will see ANZ's lowest variable [...]
On February 7, 2023, UBank announced that it is extending its loan term for refinances from 30 to 35 years. While this may seem like a good option for homeowners seeking relief from relentless rate rises, it could potentially cost [...]
If you're looking to save on upfront costs and get some extra cash when applying for a mortgage, a cashback home loan may be an option for both first home buyers and refinancers.As predicted by the Reserve Bank of Australia, [...]
The death of a member of a self-managed superannuation fund (SMSF) is a difficult time that involves complex processes and procedures. The most significant impact of death on an SMSF is the payment of death benefits. The process of distributing [...]
A self-managed super fund (SMSF) offers a lot of freedom and control, but it also comes with significant responsibilities. In this article, we explore the costs and responsibilities of managing an SMSF, including the need for a sound investment strategy, [...]
The ATO has listed the top five most frequent errors in SMSF Annual Returns. Understanding and avoiding these mistakes can help ensure a successful and compliant SMSF. These include using a non-unique bank account, incorrect ESA, improper asset valuation, lodging [...]
Investing in property through a self-managed superannuation fund (SMSF) is a popular option that offers a solid return on investment and tax benefits. In this article, we will answer the top questions related to property investment in an SMSF, including [...]
Looking to understand how concessional contributions work in a self-managed superannuation fund (SMSF)? This guide covers everything you need to know, including what concessional contributions are, who is eligible to make them, how to claim a tax deduction, and more. [...]
In this article, we discuss the importance of diversifying an SMSF portfolio and the benefits it brings. Despite 82% of SMSF trustees recognizing its importance, many do not achieve it due to lack of funds or not making it a [...]
