Self Managed Superannuation Category - Page 3 of 6 - Watkins Financial Services

The ATO has been granted a new set of powers, including the capacity to fine SMSF Trustees for compliance breaches.  Previously, when an SMSF contravened the super laws, the ATO had a limited range of options available to it to enforce compliance.  On 18 MarContinue Reading...

  Here are the top ten common mistakes we see SMSF Trustees make regarding SMSF loans.   Failing to engage the right advice team. Poor selection of the investment property (asset). Contracts in the wrong name – your SMSF is buying the property – Continue Reading...

From 1 January 2015, account based pension balances are to be subject to “deeming” for Age Pension purposes. This change applies from pensions commencing on or after 01/01/2015. Importantly, existing account based pensions are to be “grandfathered” undContinue Reading...

New regulations will be implemented from 1 July 2014, prohibiting someone from applying for insurance inside superannuation that does not meet the superannuation (SIS) conditions of release. What does this mean? Going forward you will not be able to fund TraumContinue Reading...

Legislation allowing Self Managed Super Funds (SMSFs) to borrow has encouraged a growing number of SMSFs to use borrowed money to gear into property, both commercial and residential, via a limited recourse borrowing arrangement (LRB). Limited recourse essentiaContinue Reading...