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More Taxes, More Rules: Who Pays the Price?
From superannuation and small businesses to property investments and family trusts, Australia is experiencing a major overhaul of its tax system. The government says the changes will make taxation fairer, but business groups are questioning the costs, complexity and consequences for everyday Australians. How many changes to Australia’s tax and superannuation systems can people absorb before they start asking serious
Do You Need $500,000 to Start an SMSF?
New research shows younger Australians are establishing self-managed super funds with smaller balances. For many, the attraction isn’t lower fees. It’s having greater control over their retirement savings. For years, Australians have been told they need $500,000 or more in superannuation before considering a self-managed super fund (SMSF). But is that actually a rule, or just a commonly quoted figure?
Gold and Silver: What Next?
Gold and silver have traditionally been seen as stores of value and potential protection against inflation and economic uncertainty. But after a strong run, both have experienced sharp price falls. So what’s happening, and what does it mean for your SMSF? Gold and silver have been making headlines again, but this time it’s because prices have been falling. According to
You Bought It. Can You Prove It?
Your SMSF might own shares, cryptocurrency, gold or silver bullion. But if the auditor asks you to prove those investments belong to your fund, could you? The ATO has recently highlighted concerns about how SMSF auditors verify investments, particularly listed shares and cryptocurrency. The issue isn’t necessarily whether an investment was purchased, but whether there’s enough reliable evidence to confirm
Are SMSF Rules Getting Too Complicated?
How many hoops should Australians have to jump through to manage their own super? Could your SMSF face new bank account requirements? Could the ATO start comparing your investment returns with those of large super funds? These are two of the changes the government is proposing, and the SMSF Association has raised concerns about how they could work in practice.
Before You Invest
One of the biggest differences with an SMSF is that you have more control over where your super is invested. That makes understanding what you are investing in especially important. Private credit is a good example of why. Private credit funds generally lend money directly to businesses, property projects and other borrowers rather than investing through traditional listed markets. The