Pre-EOFY 2017 Superannuation Checklist

Category Archives: Self Managed Superannuation

Pre-EOFY 2017 Superannuation Checklist

Transition to Retirement

With 30 June fast approaching, time is running out to make any last super contributions before a raft of important rule changes from 1 July 2017. Concessional contributions From 1 July 2017, the concessional (deductible) contributions cap is reducing to $25,000 for everyone. Previously, it was $35,000 for people 49 years and older at the end […] Read More >

Improper use of your super fund can result in a big fine or even a prison sentence

Using Superannuation to buy investment property

Bob Budrieka has again been quoted as a subject matter expert in a recent Daily Telegraph article highlighting how improper use of your super fund can result in a big fine or even a prison sentence. Large penalties for misuse of SMSF Anthony Kean reports that “SELF-managed super funds are being illegally used to pay household bills, lend […] Read More >

Government’s response to Financial System Inquiry – Good news for Farmers

Using Superannuation to buy investment property

Some of you may have heard in the news about the Government having an inquiry into our financial system – aptly called the Financial System Inquiry or FSI for short.  The purpose of this inquiry, led by David Murray, was to establish a direction for the future of our financial system by laying out a […] Read More >

Divorce and Self Managed Super – Part 3

Divorce or separation and self Managed Super

In my earlier posts Divorce and Self Managed Super Fund – Part 1 and Part 2 I have described two potential situations that could eventuate if you decide to split with your spouse with whom you share a Self Managed Super Fund. From the beginning, those are: to do nothing and keep operating the super fund with […] Read More >

Divorce and Self Managed Super – Part 2

Divorce or separation and self Managed Super

My previous post explored some of the things to be aware of if you decide to keep a SMSF running with your ex-spouse.  This next topic also looks keeping the fund open with one member. Retaining the SMSF with one member One member may opt to keep the fund running while the other decides to […] Read More >

Divorce and Self Managed Super – Part 1

Divorce or separation and self Managed Super

As the boom of new Self Managed Super Funds (SMSF) continues, many will face a time when the once seemingly perfect retirement savings vehicle turns out to be a headache.  In all likelihood this would arise from any number of complications around remaining compliant with the strict rules that fall on members and trustees.  One […] Read More >

Acting in a client’s best interest

Self Managed Superannuation

Last week I attended an annual conference for participants in the self managed superannuation industry.  This is an area that we specialise in so keeping abreast of changes is of great importance to us. While many of the sessions focused on legal, legislative, tax and industry issues, there was a speaker who discussed the vital […] Read More >

Only buy investments you understand

Planning your financial future

In other articles I’ve written about buying land through superannuation, the focus has been on the huge savings in tax.  While this is a motivating factor and good reason to use this strategy, it’s not the only major advantage.  There’s an old adage that says ‘only buy investments you understand.’  For a farmer who is […] Read More >

Self Managed Super Fund compliance and investment restrictions

Self Managed Superannuation

Some of the most influential reasons for operating your own super fund (SMSF) is that it provides greater flexibility and investment choice.  This is what makes a self managed fund so attractive and exciting.   What’s often over looked though are the regulatory and compliance requirements which come with managing your fund.  Breaching these legal requirements […] Read More >

Why would you operate your own super fund?

Transition to Retirement

From our experience most people don’t take an active role in their superannuation because it is ‘out of sight, out of mind.’  We know this isn’t done intentionally and is really a consequence of our way of life. There’s always too much to do and just not enough time to get everything done.  Also superannuation […] Read More >

  • Sign up to our Newsletter

  • Testimonials

    “With the advice we needed we were able to save thousands of dollars in fees and taxes relating to our superannuation alone. We restructured finances to better reflect our personal and family goals”

    “Right from my first meeting with Planning for Prosperity, Daniel was very open with me and has taken me through the process carefully and caringly with the aim to provide the best financial advice.”

    “They investigate and consider an array of options and variables, of which some we had not considered… It is a complete package that we feel confident and secure in, with our financial matters being optimally managed within a very open, approachable and professional environment.”

  • General Advice Warning

    Please view our General advice warning here.