The SMSF Club | Articles
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Articles

Why Aren’t Gen Y’s Taking Super Seriously?

I believe that Gen Y’s haven’t taken their Super seriously due to either one, two or all three of these competing thoughts. I don’t have enough Super for it to be worth my time. Even for those who have a small amount of money in their Super...

The Berkshire Hathaway Annual General Meeting

As many of you are aware I am a huge fan of Warren Buffett.  As the third richest man with all of his wealth created through investing he is known as the most successful investor of all time! Had you invested $10,000 into his holding...

The 6 Mistakes Investors Make When Buying In A SMSF

Buying an investment property through a self managed super fund ( SMSF) is very different to buying the same property in your own name. There are special laws that need to be complied with, banks lending requirements are different, there are more legal costs and...

Are Changes to Super Tax Concessions and Contribution Caps Needed?

The government is under fire from the SMSF Professional’s Association of Australia (SPAA) to deal with the costing of super tax concessions and contribution caps in its pre-Budget submission. SPAA maintains that its fiscal cost should be considered in the context of the three pillar retirement...

Why Are SMSFs The Financial World’s Black Sheep?

Often it’s the squeaky wheel that gets the grease and in this case it’s the superannuation industry. By squeaky wheel I mean “big super” and by grease I’m talking about “media time”. Complaints from retail funds, unions, regulators and investment banks about the so-called “dangers” of...

Establishing an SMSF? “Get Professional Help” Advises the ATO

Individuals who are thinking about opening their own SMSF are urged by the ATO to examine both the responsibilities and the risks associated with establishing a self-managed superannuation fund. All financial decisions carry risk, so it’s important to think carefully about your investment options to balance the level...

Why You Need To Take Super Seriously

Tony Abbott was recently quoted as saying that an increase of the pension age to 70 “should not be a political suicide mission.” He has expressed his belief that the current retirement scenario where individuals “...

The Surprising Thing About Who Wants an SMSF

Now, more than ever, young Australians are getting the message that they must take control of their own retirement plans if they expect to enjoy their sunset years. We see this evident in a report issued by Investment Trends, which reveals that a quarter of...

Education: The Key To Avoiding ATO Penalties

If you’ve been managing your SMSF on your own, congratulations! A word of warning to the wise, however; there may soon be a price to pay for lack of attention of details, so your financial future depends on you getting it right. If proposed legislation goes through as...

Is A SMSF a Magic Bullet For Market Volatility?

Australian's have always had a love affair with property. No surprise then, that a growing number of individuals are now setting up SMSFs with the sole purpose of purchasing investment property. The concept of a physical asset strikes a chord with investors in the aftermath of the GFC and...