SMSF costs: How much does an SMSF really cost?
This article on SMSF costs was originally posted in The Australian, 13 July 2020 under the title “How much does an SMSF really cost? That depends on who you ask” What are the average SMSF costs? Even the regulators can’t agree on how much it costs to run a self-managed superannuation fund. The Australian Taxation […]
SMSF Diversification Strategy – are you on top of your obligations?
Are you questioning your obligations and requirements aligning with your SMSF diversification strategy? The Australian Taxation Office has recently mailed around 17,000 SMSF trustees with a ‘please explain’ letter. The target was a batch of funds that have more than 90% of their assets in a single asset class. In many uninformed sectors of the […]
Can my SMSF invest in gold and silver bullion?
Yes – your SMSF can invest in gold and silver bullion and other precious metals as part of your investment strategy however there are a number of rules that you must comply with. Importantly, an SMSF investment in gold or silver bullion valued entirely on the spot price of the precious metal. Gold bullion is […]
How much super do I need in retirement, and how can I boost my super balance?
Knowing how much you need in retirement is more about knowing what kind of lifestyle you desire when you have retired, or, transitioning to retirement. According to the ASFA Retirement Standard, for a single person that magic number is $545,000. But according to the ABS – the average super balances for the entire working population1 […]