One of the most persistent misconceptions in the SMSF space is that compliance revolves around asset types. Trustees often ask whether their fund can invest in property, cryptocurrency, private companies or precious metals. The assumption is that some assets are “allowed” and others are not. In reality, SMSFs can invest in a wide range of […]
READ MORESMSF Record-Keeping Requirements: What Trustees Must Keep and How Long to Keep It
Accurate record-keeping is one of the most fundamental responsibilities of an SMSF trustee. While investment strategy and asset selection tend to receive significant attention, it is the quality of a fund’s records that most often determines how smoothly it operates from a compliance and administrative perspective. SMSF trustees are legally required to maintain records that […]
READ MOREIs Your SMSF Investment Portfolio Diversified Enough?
The ATO have recently announced they will be contacting the trustees of approximately 17,700 SMSFs to discuss their fund’s investment strategy and whether they are actively working towards a diverse strategy. The funds within the ATO’s view are those which are invested in a single asset or asset class or have more than 90 per […]
READ MORE5 Common SMSF Potholes to Avoid
SMSFs can be a fantastic vehicle for investing and growing your retirement benefits. But, while there is a lot more freedom allowed within an SMSF, when compared to a retail fund, it’s important to always be mindful of the restrictions and regulations in place for superannuation. The following is a short list of some of […]
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