Q. How will the changes to the First Homeowners Scheme which will take effect from 1 July affect us?

Q. My partner and I are looking to buy our first home.  We have been in the market for quite a few months and have missed out on several properties.  We are looking to spend no more than $650,000 on a unit in Sydney close to transport.  As neither of us has bought a property […]

Super changes / Transition to Retirement and Catch Up Concessional Cap

Q: I have been reading about the changes to the transition to retirement strategy. I will turn age 60 in August 2022. I am earning $110,000 per annum and I am concerned about how this changes will impact me? A:  The effectiveness of the Transition to Retirement (TTR) Strategy has been continually watered down over […]

Should I abandon my Transition to Retirement Strategy due to Super Changes from 1 July 2017?

Q: I am age 59 and have a transition to retirement (TTR) income swap strategy in place. Will the Superannuation changes from 1 July 2017 mean the strategy becomes irrelevant and should it be abandoned? A:  A TTR strategy involves transferring your Superannuation balance into a non-commutable Account Based Pension.  Payments from this pension can […]

Wealth & Health – Edition 3, 2016

Welcome to the latest edition of ‘Wealth & Health’ for 2016. When was the last time you or your parents updated their Will? Did you know that failure to update a Will prior to appointing an Enduring Power of Attorney can have a devastating impact should you or your elderly parent become legally incapable of […]

UK Pension Transfers – Door remains ajar for a limited few

Q: Since April 2015, transfers from UK Pension Funds to Australian superannuation funds have become harder to complete due to the reforms in the UK pension law regime. We heard that you need to set up a Self-Managed Superannuation Fund (SMSF) to get around these changes. We have resisted the opportunity to open a SMSF due […]

Is a SMSF like a bad tattoo?

Q: My friend has a Self-Managed Super Fund (SMSF) and she is regretting the decision. She has found her role as a trustee complex, and she admits she did not understand what she was getting into. What should I be considering before I establish a SMSF?  And what should my friend be considering? A:  A […]

Wealth & Health – Edition 2, 2016

Welcome to the second edition of “Wealth & Health” for 2016. Recently, the ATO has extended its deadline for review of certain Limited Recourse Borrowing Arrangements (LRBAs) for SMSFs. We have included full details on page two, which is a must read for any SMSF Trustees or Administrators. Unfortunately, from time to time we all get […]

SMSF, Businesses and Commercial Property– Are they a good mix?

Q: As a small business owner I have heard about the opportunity of creating a Self-Managed Superannuation Fund (SMSF) to purchase the commercial premises from which I currently operate my business. What do I need to consider? A:  For many small to medium enterprises, it possible to transfer the owner’s super balance into a SMSF to help […]

How can I improve my skills and knowledge as a trustee?

Q: I am interested in developing my knowledge to ensure that I fulfil my role as trustee of my Self -Managed Superannuation Fund (SMSF).  I understand the Australian Tax Office offers complimentary webinars, are their other tools available? How can I access them and what do I need to do? A:  Ensuring that you fulfil […]

Wealth & Health – Edition 1, 2016

Welcome to our first edition of ‘Wealth & Health’ for 2016. Andrew Heaven contributes weekly to The Weekend Australian in a feature called ‘Q&A with the Coach’.  We have included one of his recent contributions regarding the impact of changes to means testing for social security payments.  This article is a must read if you […]