November Wrap Up
The Seamless crew want you to be up to date with all the latest SMSF goss, so check out the summary below to find out all the latest in the SMSF space. Qualified Audit Reports – WRAP Platforms What is […]
2022-23 October Federal Budget SMSF Recap
On the 25th October 2022 the Labour Government handed out its first Federal Budget outlining how it aims to deal with the ever-changing economic climate. With regards to the SMSF sector, it was a relatively quiet budget, however the announcements […]
Downsizer contributions; the scheme helping retirees bolster their super balance
Picture this – you’ve lived in your family home raising your kids and getting them through school. It had all the room you needed for your family and suited the lifestyle. You’re now older, the kids have moved out and […]
Conditions of Release
There comes a point in time where a member of an SMSF wants to access their hard-earned retirement savings. Whether or not you can withdraw money from your SMSF is dependent on your preservation status and whether you have met […]
The age-old debate; Corporate or Individual trustees
The decision to implement a corporate trustee or individual trustees is one every SMSF faces. Both structures have pros and cons, making the decision-making process a case-by-case proposition. As of 30 June 2020, ATO statistics revealed 63% of SMSFs had […]
Pink Diamonds: Collectable or Precious Metal?
Pink diamonds are an item which are becoming more and more prevalent in the contemporary market, particularly in Australia where more than 90 percent of the world’s supply of natural pink diamonds are produced in the Argyle Mine in Western Australia. From an SMSF viewpoint, holding […]
Let’s Talk Property Valuations
The ATO has recently announced that trustees are required to confirm the market value of any properties held by their SMSF each year. This doesn’t necessarily mean a new valuation is required each year, however, if the trustees wish to […]
How to invest in Cryptocurrency for your SMSF – The right way
Cryptocurrency has been a hot topic in the news of late. The surge in the price of Bitcoin between June 2020 & March 2021 has piqued investors wishing to explore new and unusual wealth-growing methods. The lucrative nature of crypto […]
How to get SuperStream ready!
From 1 October 2021, SuperStream will become mandatory for all self-managed super funds to rollover super to or from their funds. With less than 60 days left until the implementation of the compulsory SuperStream, now is the perfect time to ensure your SMSF is well-prepared to make the […]
6 Member SMSF – Is it Worth it?
From 1 July 2021, the maximum number of members eligible to form part of a self-managed superannuation fund (SMSF) and small Australian Prudential Regulation Authority (APRA) funds has increased from four to six. This change stems from the Treasury Laws […]
