Accurate asset valuation is integral to ensuring SMSF compliance with super legislation. SMSF assets must be valued at their current market value. SMSF trustees can take responsibility for valuing many types of assets if they wish, or they can use the services of independent professional valuers.
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It’s a rare person who enjoys paperwork. But for trustees of a self-managed super fund, it’s a necessary evil. Find out what penalties apply if your fund isn’t set up and managed to comply with superannuation and taxation legislation.
This article analyses the cost-effectiveness of SMSFs for small, medium or large fund balances, examining both set-up costs and running costs.
Take the following 10 question quiz to test your knowledge on the fundamentals of self-managed super funds (SMSFs).
Many SMSF investors are in the dark about what are typical SMSF fees, and whether they are paying a fair price for SMSF advice and services.
Which investments are most popular with SMSFs? A short and simplistic answer is that shares and cash and term deposits compete as the most popular investments across the board for SMSFs.
According to the latest ATO statistics, more than 1.1 million Australians are members of SMSFs. This article looks at the most common characteristics of SMSF members.
A relaxation of rules around borrowing in self-managed superannuation funds (SMSFs) nearly a decade ago now means that SMSFs can borrow to invest in some circumstances. Although loans were originally allowed for borrowing to invest in shares, restrictions around the rules mean that in most cases they are now used for property assets.
Self-managed super fund (SMSF) expenses can be tax deductible provided that they comply with Australian taxation legislation.
Australian super legislation allows you to establish and run a second SMSF, but it’s important to understand the potential for downsides as well as benefits.
SMSFs must pass residency requirements at all time to be eligible for the tax concessions that are available under Australian superannuation legislation.
Depending on who you believe, self-managed superannuation funds range from being the greatest invention of the modern age or the most likely cause of the next financial crisis.
The issue of whether or not retirees should be able to get a refund in dividend imputation has sparked considerable discussion of retirees’ income and wealth.