Australia’s Largest SMSFs
How big do you think the largest Self Managed Super Funds in Australia are? A few million dollars perhaps? Try in excess of $40 million! The ATO recently released a report titled Self-managed superannuation funds –…
How big do you think the largest Self Managed Super Funds in Australia are? A few million dollars perhaps? Try in excess of $40 million! The ATO recently released a report titled Self-managed superannuation funds –…
Here we add some technical aspects around the auditing function for SMSF’s. 1.The Accounting and Auditing function should be segregated. This means the accountant can’t act as the auditor as well. 2. Auditing standards on…
We all know that the SMSF industry is booming in Australia, and one of the growing users of self managed super are tradespeople. One of the major reasons for people switching to an SMSF is…
How much does it cost to setup a self-manager super fund? This is one of the first questions that someone will ask once they have decided that an SMSF may be the best option for…
Many people think of self managed superannuation funds as DIY super, but they can be anything but. Running an SMSF is not an easy task, but thankfully there are plenty of outsourcing solutions which can…
The ATO has released its latest SMSF statistics up to March 2012. Key statistics are: Estimated number of SMSFs as at 31 March 2012 – 468,133. For the 2010/11 financial year there were…
SMSF holders who have been taking advantage of the Commonwealth Government’s super co-contributions scheme may have to reassess their strategy following the changes announced recently. From 1 July 2012 the maximum matching amount will drop…
Many people who choose to invest their retirement savings via an SMSF do so because it gives them the power to make their own decisions. With that in mind, it would be interesting to know…
There isn’t a huge amount of data flowing around on the SMSF sector when it comes to performance and investment trends, but Multiport have recently put out a very interesting report which reveals the asset…
When setting up your SMSF for the first time, you want to make sure you can get every possible cent into your fund to maximise the benefits of your SMSF. Virtually all SMSFs will start…