Q. Is it worth to put our coin collection into our Self-Managed Super Fund (SMSF)?

Q. My wife has built a really impressive coin collection in the recent year and the idea has always been to build further and put the collection into our Self-Managed Super fund (SMSF). I believe the rules have become very severe in this area and it may not be worth it, what do you think? […]

Q. As I exceed the $1.6 million dollar transfer balance cap, what do I need to do before 1 July 2017?

Q. I have a Self-Managed Super fund (SMSF) with my wife.  The assets of the fund are approximately $2.1 million. My wife’s super account balance is around $420,000 and my pension balance is $1.68 million. I am 64 and my wife is 61 and we continue to work.  As I exceed the $1.6 million dollar […]

Super Trust Deed Changes

Q: The trust deed for my Self-Managed Superannuation Fund (SMSF) has not been updated since I opened the fund in March 2008. With the super changes coming into effect on 1 July 2017, do I need to update it? A: If you have not updated the Trust Deed (“the deed”) since the fund was established, […]

UK Pension Transfers – Door reopens with opportunities available prior to 1 July 2017 super changes

Q: Since April 2015, transfers from UK Pension Funds to Australian Superannuation funds have become difficult to complete due to reforms in the UK pension law regime. Do you still need to set up a Self-Managed Superannuation Fund (SMSF) to get around these changes? A:  The UK pension law regime was amended from 6 April 2015. […]

5 minutes with Damian Hearn, Financial Adviser – SMSF Specialist

Q: If there was one thing you could change about the Self-Managed Super Fund sector at the moment, what would it be? A:  The one thing that I would seek to change is the area of trustee education. The lack of understanding of the super rules and regulations for SMSF trustees and how things work can […]

Setting up a SMSF: Where do I start? Do I need to seek advice?

Q: I am interested in a Self-Managed Superannuation Fund (SMSF) as some of my friends have them in place. I am keen to find out more, but don’t know where to start.  Do you have a simple process that I could follow? A:  For many clients, the decision to commence a SMSF can be quite […]

Are you creating a legacy with your SMSF?

Q: I have a Self-Managed Superannuation Fund (SMSF) in place and I considered it to be an excellent way to pass on my wealth to my children (and grandchildren). However, I am concerned about my member balance having to be paid to my adult children as a lump sum? Can I avoid this? What options […]

Can I carry Capital losses forward indefinitely in an SMSF? What is the difference between segregated and unsegregated assets of an SMSF?

Q. We run an SMSF. The Accumulation sector of the fund has accumulated capital losses. Are there any restrictions or limitations on carrying forward indefinitely those losses? A. Assets in an accumulation account of a Superannuation fund are subject to tax on income or Capital Gains.  Capital losses in the accumulation fund can be carried […]

Putting the ‘self’ into self managed super

As the CEO of SuperIQ, a business which looks after administration of self managed superannuation funds, Andrew Bloore is often asked, “Where should my SMSF invest?”, and his answer is always the same … it depends on what you want it to do. An SMSF can hold any allowable (i.e. non personal use) asset in […]

Can two Self Managed Super Funds (SMSF) have the one Corporate Trustee?

Q. My husband and I both have individual Self Managed Super Funds (SMSF).  We married late in life and have never merged the funds nor do we wish to.  We have appointed each other as Individual Trustees to each fund.  We have signed both Binding death nominations and Reversionary pension nominations.  We have no children.  […]