SMSF: How much does a DIY super fund cost?
Q: My wife and I are considering establishing our own super fund to be overseen by a licensed adviser. I asked two advisers for a quote on the set-up costs for a self-managed super fund.
Are SMSF audits too expensive?
Q: I have noticed that SMSF auditors and administrators are charging what appears to be rather high costs, perhaps because of the mandatory nature of these audits. I have also noticed some online providers, including one that flatly refused to provide me with the name of their auditors.
SMSF confidential: the inside story on DIY super funds
In April 2012, the ATO published key data about SMSF costs, investment performance, SMSF asset allocation, SMSF demographics, types of trustees and what SMSFs are doing in pension phase.
Oops! Top 10 SMSF boo-boos
The ATO has published the top 10 compliance mistakes that SMSF trustees make when running their self-managed super funds. The list is based on the general type of contraventions reported by SMSF auditors since the start of contravention reporting in 2005.
SMSF investment: Can we sell fund assets to members?
Q. We are aware that SMSFs cannot purchase property from members; however, can members purchase property owned by the SMSF, providing fair market valuation is paid for this? And does the valuation need to be established through a valuation or an appraisal?
Free SMSF education tool: take your 60-minute refresher
If you run a self-managed super fund (SMSF), or you’re considering running a SMSF, then I recommend you check out a fantastic, and free, online SMSF trustee education tool.
SMSF investment: purchasing overseas property
Q: Since we can now use super to purchase real estate, is this also true for property in the United States? Can you provide me with some guidance on how I could find out the process and correct entities to form to do this?
SMSFs: Selling a property asset and CGT
Q: If my self-managed super fund (SMSF) owns an investment property, and the SMSF later sells the property, what is the amount of capital gain tax payable by the SMSF?
SMSF investment: Stricter rules in place for artwork and other collectibles
If you hold artwork, antiques, coins, or other collectibles within your self-managed super fund, then you need to be aware of new rules coming into effect from July 2011.
SMSF investment: Where does all the DIY super money go?
Each quarter the ATO releases self-managed super fund statistics derived from annual return data. Some of the more interesting data outlines the investments that SMSF trustees choose, and how much SMSF money is invested in the different asset types.
Do you fit the profile of a ‘typical’ SMSF trustee?
The latest ATO statistics on SMSFs highlight some interesting observations that can be made about the current batch of SMSF trustees, including average SMSF balance, the ages of SMSF trustees, state of origin, gender balance and income levels.
