The end of the financial year is literally around the corner – which means now is the perfect time to speak with Colac’s SMSF experts to ensure final checks are made on your fund, and that everything is in order for your SMSF before 30 June. We have outlined some topics you may want to...
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As expected, this year’s Federal Budget has a strong emphasis on job growth and women’s security. From an SMSF perspective, there were some welcome surprises for SMSF trustees. The key measures that you should be aware of are outlined below. It’s important to note that all measures outlined below, other than the proposed changes to...
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Kerrie Hughson always had a plan. Even when starting her first full time job at one of the world’s largest financial firms, the-then 21-year-old knew that she would one day find herself at Sinclair Wilson Accountants and Business Advisory. “I knew I wanted to go to Melbourne after I graduated, but Sinclair Wilson was always...
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The impact of the COVID-19 pandemic has impacted everything from how we spend our weekends, to how we work. And for Self Managed Superannuation Fund (SMSF) trustees based in Hamilton, Warrnambool, Mount Gambier, Colac and Camperdown, it’s impacted how they could meet their regulatory obligations for 2019-20, as well as how best they can position...
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Downsizing your Hamilton home is a step backwards, right? Wrong! Downsizing a home has become a popular choice for homeowners, particularly as they approach retirement. But what are the benefits? Let’s take a look at four reasons downsizing your next home is a good idea. It can be less work Yes, a larger property will...
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To many of us, the word, ‘retirement’ means freedom. Freedom from work. From a 9-5 commitment. From working for the man, the woman, the customer, the client. But if you don’t plan carefully, this dream of post-workplace freedom can be a bit of a nightmare; imagining finishing your working life, only to find you have...
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A Self Managed Super Fund– friendly budget is the good news coming out of the 2018-19 Federal Budget. With SMSF members still working through the wide-reaching and complex superannuation changes brought in on 1 July last year, this Federal Budget will provide much needed stability while looking to reduce costs for SMSFs and prove additional...
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Your superannuation trust deed along with the superannuation laws form the governing rules that self managed super funds (SMSFs) needs to operate by. The introduction of the $1.6 million transfer balance cap (TBC) and new transition to retirement income stream (TRIS) rules are a ‘game changer’ for SMSFs when discussing benefit payments and estate planning....
Read moreStability and confidence for superannuation is the good news coming out of the 2017-18 Federal Budget. With SMSF members still working through the wide-reaching and complex superannuation changes of the last Budget which take effect from 1 July 2017, this Budget’s minimal changes will result in a period for members to ensure they have the...
Read moreWith the changes coming through this year around superannuation and particularly SMSF’s, it is critical we have up to date information and are across all aspects of the legislation. Attending the SMSF Association 2017 Conference supports this ongoing and evolving knowledge base and is particularly relevant given it offers Accounting, Audit, Administration and Investment streams...
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