Revise your SMSF investment strategy

Self-managed super fund members should revise their strategy regularly to ensure it continues to reflect their circumstances and the fund’s investment objective. A self-managed super fund requires a clear, well-documented investment strategy to be successful. Characteristics of these SMSF investment strategies include: – ability to pay benefits when members retire. A member must be able to…

CGT on property in deceased estates

If you are appointed as an executor in a will, your responsibilities commence following the death of the will-maker. It is important for executors to consider the capital gains tax implications of a deceased estate when it is time to administer the estate property for its beneficiaries. There is generally no CGT payable for the…

Boosting your super contributions

Superannuation is still one of the best ways to accumulate savings for retirement. To make the most of your super, members need to be ‘super savvy’ and be aware of tax-effective strategies that can help boost their super and achieve their financial goals. 1. Review your super fund and insurance options to determine if it…

ATO cracks down on holiday homes

The ATO is targeting holiday-home owners who are over-claiming on tax deductions for periods when their property isn’t being leased. Some owners have been rejecting tenants so that their holiday home is available for them to use. They provide their accountants with authority to rent documents to make it appear that they are trying to…