Take care when adding family members to your SMSF

The decision to include other family members in a self-managed fund is not straightforward, as it involves bringing in members with different investment horizons and requirements. HLB Mann Judd superannuation director Andrew Yee says his firm is seeing more couples…

Setting a retirement savings target

Make sure you factor in a few what-ifs when you are setting a target for your retirement savings, a leading superannuation specialist advises. The Association of Superannuation Funds of Australia’s Retirement Standard says that for a “comfortable retirement” you need…

Planning for the end of excess franking credit refunds

There is no sure-fire way to get around the impact of Labor’s plan to abolish refunds on excess franking credits but there are a number of options that may provide an advantage in different to circumstances, a leading self-managed super…

Q&A

Q: I run an SMSF with my wife as the other trustee. To plan ahead for the possible franking credit changes, I am asking whether it is possible to transfer say $50,000 into an APRA-regulated fund under our SMSF name…

Hayne recommendations will impact SMSFs

In the self-managed superannuation sector, a common response to the final report of the Financial Services Royal Commission is that it is of little consequence for SMSFs. But one industry expert disagrees. Peter Burgess, general manager technical services and education…

SMSFs lose faith in the blue chips

Self-managed super fund trustees have dumped their investments in Australia’s top 10 listed equities as performance has failed to meet expectations. The proportion of funds that held Telstra in their portfolios dropped from 50 per cent in the December quarter…

Take care with separate assets

With the move to increase the maximum number of members of a self-managed super fund from four to six, there will be more funds with members at different life stages and with different investment objectives. To meet these objectives members…

CBA pulls out of SMSF lending

Commonwealth Bank has followed Westpac out of the self-managed super funds loan market, saying the decision is part of a move to streamline its product range. Comparison site RateCity reports that CBA told it that from October 12 it would…

SMSF loans harder to find

With the recent crackdown on lending standards, some lenders have withdrawn from the SMSF loan market while others have tightened their lending criteria. Mark Ellem, executive manager, SMSF Technical Services at SuperConcepts, says: “In this environment it is more important…

Spouse contributions an overlooked tool

Spouse contributions are an often overlooked part of investment planning, which can be an effective way of dealing with problems related to the $1.6 million superannuation cap. Graeme Colley, executive manager, SMSF Technical and Private Wealth at SuperConcepts, says it…