The most common reasons for winding up an SMSF are failing health, demanding compliance, divorce and a low balance that makes the SMSF too costly. So when is it time to exit your fund?
Tennille: I am 30, earning $50,000, with $26,000 in super. My husband, Ben, is 31, a sole trader with a taxable income of $60,000 last financial year and has $8000 in super. We have three young children, with a home valued at $900,000 (mortgage $280,000). Last year we purchased an investment property, borrowing the whole amount…
The numbers say it all. The latest research report into the self-managed superannuation sector (SMSF), a joint venture between the actuarial firm Rice Warner and the SMSF Association, shows conclusively that when people hit 55 years of age, superannuation very much becomes front and centre in their thinking. How do we know this? The research…
Considering starting a self-managed super fund? You and your family’s circumstances will determine which is the right choice for you.
Considered running your own self-managed super fund (SMSF)? Susan Hely warns it’s no cake walk. What’s the hardest part of running an SMSF?
According to a recent survey of older Australians, a third with SMSFs claim their accountant makes more money than their fund does.
The fund gives self-managed super funds direct access to assets usually available only to large institutions.
Financial planners are insisting on managing John and his wife’s wealth. Paul Clitheroe advises John on how to stay in control.
Women trustees of self-managed superannuation funds (SMSFs) aren’t as confident about running their own fund as men.
It’s almost the end of the year. With that in mind, Money asked SMSF specialists what they see as the most important things to do (or not to do) in 2016.