The SMSF Club | Mentoring News
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Mentoring News

The Financial System Review

Government Rejects A Ban On SMSF Lending. The Turnbull government has formally responded to the Murray inquiry into the financial system, 11 months after the findings were provided. The good news for SMSF Trustees is that Self-managed superannuation funds will NOT be banned from borrowing to purchase...

Lost Super

Are you one of the hundreds of thousands of Australians who has a lost super account?  Changes made to legislation last month will increase the lost superannuation limit from $2,000 to $4,000. Effective 31 December 2015, this means that anyone with lost accounts of up to $4,000 will...

The Increasing Cost of Retirement

The Cost of Retirement is Increasing The Association of Superannuation Funds of Australia Retirement Standards benchmark the annual budget needed by Australians to fund either a comfortable or modest standard of living in the post-work years. ASFA have recently increased the amount it says we require in order to provide...

The increase in the preservation age

Increase in Preservation Age & the Effect on Transition to Retirement Pension. Turning 55, and either retiring and accessing your super, or commencing a transition to retirement pension, is now a retirement planning strategy from the past! Since 1 July 2015, Australians turning 55 will have to...

SMSF Allowable Expenses

What expenses can you pay from your Self Managed Super Fund (SMSF)? There is often some confusion from SMSF Trustees as to what you can and cannot pay from your SMSF.  This week’s technical update will help to ensure that you only pay for fund related...