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Mentoring News

Tax advantages inside your super

A Review of Tax Advantages. As many of you already know, your SMSF can offer significant tax advantages when it comes to holding assets inside superannuation. This week we wanted to revisit some of these advantages: Possible Tax Deductions for contributions made by self-employed members, or members who...

05 December, 2017

Cash Rate Remains Unchanged

The RBA has decided to leave the cash rate unchanged at 1.75 per cent as announced in a statement by Glenn Stevens, Governor: Monetary Policy Decision, 7th June 2017. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over...

08 July, 2016

ASIC Fee Increase from 1 July 2016

ASIC has released their annual fees for commonly lodged documents that will apply from 1 July 2016. Important ASIC fee increases that will take effect from 1 July include: Annual Review Fee – special purpose company will be $47, up $1 Annual Review Fee – standard company...

30 June, 2016

SMSF Trustee Obligations

Happy End of Financial Year! The fast approaching financial year-end serves as a reminder of our obligations as a trustee, or a director of a trustee company, of an SMSF. It is the perfect opportunity to highlight the SMSF’s regulatory obligations and make sure we...

23 June, 2016

Concessional Contributions

This week's technical update will cover: Maximising Concessional Contributions To Super Over the Next Two Years. In the May 2016 Federal budget it was proposed to change the law to limit concessional contributions to superannuation for everyone to $25,000 from 1 July, 2017. As such, we it is...

14 June, 2016

SMSF Deeds

Do I really need to update my SMSF Deed? The Trust Deed of a Self Managed Superannuation Fund governs the operation of the Fund. If the Trustee of a SMSF is permitted under the Superannuation legislation to undertake particular actions, it is still generally not able...

07 June, 2016

SMSF Deed Update

The Trust Deed of a Self Managed Superannuation Fund governs the operation of the Fund. If the Trustee of a SMSF is permitted under the Superannuation legislation to undertake particular actions, it is still generally not able to do so unless permitted by the Trust...

02 June, 2016

Our Real Super Savings

If all super fund members (ignoring pensioners) consolidated their multiple accounts, Rice Warner calculates that the average account balance of $50,300 as at June 2015, would rise to approximately $90,000 – an increase of 79%. Out of a total population of 23.8 million, 17.7 million Australians...

26 May, 2016

Happy Spouse, makes a Happy House

There's a saying "Happy Spouse, makes a Happy House". This article aims to provide some guidance to ensure smooth sailing for couples with an SMSF.Investment Preferences It is generally a simple decision to combine your super balance with your partner's. However, it is crucial that you...

25 May, 2016

Life Insurance Cover Among Australian Families

In May 2005, a study conducted on behalf of the Investment and Financial Services Association (IFSA) by Rice Warner Actuaries estimated that as many as 60% of all Australians are underinsured. Today, the problem is still of major concern. The harsh reality is that in...

20 May, 2016