There is always a better way for us to work together, to enable your SMSF to be looked after more efficiently so we can all focus on more important things.
SMSF members had a win recently due to changes to the tax treatment of non-concessional contributions that exceeded the relevant contribution cap. This means that people who breach the cap will no longer face draconian tax penalties of up to 93% – however there is still some complexity you need to be aware of.
Our online SMSF accounts have recently been updated with the ability to view a number of portfolio charts including the ability to track the investment performance of your SMSF portfolio against a number of industry benchmarks including the the All Ordinaries, ASX 200 as well as a number of sector specific indexes.
A question we often get asked is whether children – either minors or adults – should be included in your SMSF. In this article we run through some common situations where it can go horribly wrong, and the few occasions when you may be able to make it work.
ATO assistant commissioner for SMSFs Matthew Bambrick (above) said a boost in compliance work on the nation’s 531,059 – and growing – funds was not a bad idea. Photo: Dominic Lorrimer
The following is a verbatim copy of an article originally published by Katie Walsh (@katiewalshAFR) in the Weekend Australian Financial Review 17 January 2015.
In Chloe Ward’s article from November 2014 – Creating a super legacy – we introduced a not so simple, but extremely valuable strategy known as the anti-detriment strategy. In this article we will explore the strategy in more detail, with a practical example of course,
We’ve partnered with OpenMarkets to successfully complete the first automated direct purchase of an unlisted managed fund for one of our SMSF clients.
The trade was executed through the OpenMarkets Multi-Asset Trading Hub (MATH) and transaction information was subsequently fed directly to us via Class Super’s SMSF administration software.