Self Managed Superannuation Category - Watkins Financial Services

The changes to superannuation announced in the 2016 Federal Budget have been passed by Parliament. Amongst those changes was the introduction of a $1.6 million transfer balance cap which limits the tax exemption for assets funding superannuation pensions. ThisContinue Reading...

As the 2015-2016 financial year draws to a close, there are a few very important tasks self-managed super funds (SMSFs) members and trustees need to take care of. Make your contributions on time Review your investment strategy Check you comply with in-house asContinue Reading...

SMSF Trustees who have established a limited Recourse Borrowing Arrangement(LRBA) with a loan from a related party should ensure the terms of the loan are made on an arms-length basis by 30 June 2016. Where the terms of the loan and the ongoing operation of tContinue Reading...

SMSF Trustees who hold investments in collectables and personal use assets should be aware of the 30 June 2016 deadline to satisfy the requirements under super legislation. Any collectable and personal use assets acquired from 1 July 2011 must satisfy certain Continue Reading...

Running a small business is tough. You put your heart and soul and many years of hard work into it, so you deserve to get the best reward when you sell. Selling a small business can also be very challenging, complicated and an uncertain time. So too can retiriContinue Reading...