When purchasing property in SMSF, knowing which property to avoid is just as important as knowing which to target. If you are considering buying property for your SMSF, my advice is to exercise extreme caution. Before going ahead, make sure you fully understand your strategy and have thoroughly investigated the property in question. The number…
Are you compromising your personal prosperity by not making regular superannuation contributions for yourself? It’s common for mining and resources business owners to pay everyone else and reinvest profits back into their business before paying themselves a regular wage AND superannuation. It’s important to understand that short changing yourself can have significant consequences for your…
Our advice on superannuation for mining and resources professionals is this: Do what you can, as early as you can, to take advantage of the tax-efficient savings environment that the Australian super system offers. Your decisions around super are all the more important since 1 July 2017 as the lowered concessional contributions cap may have…
The funding of life insurance within a super fund can provide various taxation concessions that are not usually available for life insurance policies held outside of superannuation. Having sufficient insurance in the event of death is vitally important, especially for younger families with mortgages and young children to support. An important consideration is whether to…
