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SMSFs pay tax?
SMSFs have lots of great tax advantages, which can even drop to zero when you reach 60 and meet the conditions of retirement. What may be new to some people is realising that the ATO taxes all super income at 15 per cent. The ATO charges this regardless of whether the super is in an SMSF or industry/retail fund. The
Free SMSF courses – build your knowledge
The Australian Tax Office (ATO) has recently released new courses to help SMSF trustees with their regulatory and reporting obligations. The courses can be accessed from the ATO’s small business education portal smallbusiness.taxsuperandyou.gov.au, which offers a wide range of free courses. Direct links to the course are Setting up a SMSF Winding up an SMSF
Aussie stock market “bloodbath”
The Australian stock market has plummeted more than 3 per cent to open this week, continuing its Friday fall in what has been the market’s worst two-day performance since 2022. With share markets pushing all-time highs in recent times, is this the beginning of an imminent correction (further downturn)? The “bloodbath,” which saw $77bn of value wiped from the
Why you need a Buyers Agent on your side
Navigating the market, whether you’re a first-time homebuyer or a seasoned investor can be a daunting task. Having someone in your corner, working for your best interest could save you thousands of dollars on your property purchase. And that is exactly what a Buyers Agents does: work for you! Knowledge of the Market: A Buyers Agent brings invaluable expertise, providing insights
SMSF stats – you are not alone
According to the ATO’s latest data, you are not alone in taking direct control over your super via an SMSF. In fact, SMSF setups continue upward and there are now 616,400 SMSFs in Australia, with more than 1.1 million members. The total estimated assets of these SMSFs are $932.9 billion with shares (29% of the total) and cash/term deposits (16%)
Is gold just a ‘pet rock’?
Legend has it that billionaire investor Warren Buffet was the first to describe gold investment as a ‘pet rock.’ In other words, gold just sits there and doesn’t ‘yield’ in the way that a property investment yields rent, or shares yield dividends. In 2020, MoneyWeek went even further saying it in fact costs you to own it. So why own