Here’s the latest snapshot from the ATO (out quarterly) of what SMSF Trustees are doing with their money: 516,925 total number of SMSFs representing 986,441 trustees Controlling 31.5% of all Super assets (up from 10% just a decade ago) at over $531b Average fund balance over $1m As at Sept 13, 77% of all SMSF assets in direct Australian Shares... More Information ▶
Barbara was on a mission of her own, until the ATO slowed things down markedly for her. She had decided to use part of her superannuation assets to invest in a Private Company opportunity, and so had engaged Greenlight to set up an SMSF. All was on target until she received notice that her brand new SMSF would be one... More Information ▶
Divorce is the worst-case scenario for a marriage. Amongst the emotional, legal and financial turmoil – which is only compounded if there are kids or pets involved – it can be easy to forget about your super. If you are already within an SMSF, chances are your soon-to-be ex-partner is also a trustee. So what happens when retirement plans, like... More Information ▶
Did you know you can borrow money from Related Parties rather than banks? Limited Recourse Borrowing Arrangement rules allow you to borrow money from anyone you like – including related parties! Many trustees don’t know that their business, a family member, their own company or trust, or even themselves could provide the loan to their SMSF. In some special cases,... More Information ▶
