The SMSF Club | Mentoring News
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Mentoring News

Trauma Insurance

Trauma Insurance - are you covered?  You wouldn’t dream of driving without car insurance, or living in a house without home and contents insurance, yet many Australians do not protect their families in the event of accident or illness. With the incidence of cancer increasing year on year...

Repairs and maintenance, what does it all mean?

What constitutes Repairs and Maintenance to an asset? The trustee of an SMSF can use money borrowed under a Limited Recourse Borrowing Arrangement (LRBA) for carrying out repairs and maintenance on an asset, whether necessary at the time of the acquisition or at a later date....

Reasons for Consolidation

Do you have more than one Super Fund? Over six million Australians have multiple super funds with each being charged on average $532 a year in administration fees! If you only have $2,000, or less, in a super fund, and are being charged over $500 a year in administration...

Estate Planning Measures

Are your Estate Planning Measures Up to Date?  Many people believe that making a Will is something you only need to you once, and then you forget about it. The only thing that could be more dangerous than not having a Will is having a one...

Cash and other Fixed Interest Products

Cash and other Fixed Intered Products explained. Cash and other Fixed Interest products can be broadly characterised by investments that pay a regular cash income stream without the level of risk or volatility of higher risk asset classes such as direct shares and property. The most...

Borrowing money inside of self managed super funds

Can you borrow money to buy property inside of self managed super funds? Yes. Changes to the Superannuation laws made in 2007 mean SMSFs can borrow to purchase real estate using a special structure established for this purpose and so long as you follow the strict...

The Age Pension

Treasurer Scott Morrison says to forget about relying on the age pension The below article was published on http://www.smh.com.au on December 1st 2015. Treasurer Scott Morrison has put ordinary Australian workers on notice that they should no longer expect to receive an age pension from the government when...

The Cost of Being Conservative

Australians are playing it safe in regards to investing their super, which could be costly in the long run by increasing the chance that their hard earned retirement savings will run out, with many more years of living costs still ahead. According to The Australian Retirement...

Melbourne Mercer Global Pension Index Report

Australia’s Retirement Savings System Ranked World Number Three.  The Australian retirement savings system has been awarded a score of 79.6, in the overall ranking of the Melbourne Mercer Global Pension Index (MMGPI) for 2015. The MMGPI was released on 19 October 2015, and included measures of...

The SMSF Statistical Report

The ATO Quarterly SMSF Statistical Report.  Earlier this week the ATO released its quarterly self-managed superannuation fund (SMSF) statistical report for June 2015.  According to the report, it is estimated there are over 557,000 SMSF’s with total assets of $590 billion. Both the number of funds...