Unlock the potential of your Self-Managed Superannuation Fund (SMSF) with Limited Recourse Borrowing Arrangement (LRBA). Discover how LRBA can help you acquire high-value assets, diversify your portfolio, and enhance your returns while managing risk. Learn about the compliance essentials, the structure of borrowing and holding trusts, handling related-party loans, and understanding tax implications. For an …
In a Self Managed Super Fund (SMSF), a Bare Trust is often used to borrow money to purchase assets such as a property. The Trustee of the bare trust becomes the legal owner of the asset until the loan is paid off. The asset then gets transferred to the SMSF at the super fund trustee’s …
Self-Managed Super Funds (SMSFs) empower Australians to control their retirement savings with flexibility in investment choices, including shares, property, and managed funds. SMSF members, acting as trustees, manage the fund’s compliance with superannuation and tax laws, necessitating meticulous record-keeping, financial reporting, and audits. Regulated by the Australian Taxation Office (ATO), SMSFs must meet stringent regulatory …
A SMSF stands for a Self-Managed Super Fund. A SMSF is particularly popular among small business owners, high net worth individuals and retired (or soon to be retired) individuals with a reasonable amount of superannuation balance to invest. The ATO SMSF quarterly statistical Mar 2019 report indicates that there are close to 600,000 SMSFs with …
From 1 July 2019, Super Package Act will come into effect. The inactive low-balance accounts may be transferred to the Australian Tax Office (ATO), and insurance cover in the super fund may also be stopped. Your account is considered inactive if it hasn’t received a super contribution for over 16 months, has a balance of …
Is your super account balance under $6,000 and inactive? Read More »