Brisbane's Accounting & SMSF Specialists

Investment

Do I need a financial planner?

Do I need a financial planner?

Investment
What a financial planner does - and when it is time to see one. Accountants are fast becoming trusted advisers for many clients, especially if they specialise in superannuation funds. As a result, all accountants must now be covered by an AFS licence to provide a range of services relating to SMSFs, in order to ensure that financial planning services are compliant with the highest industry ethical standards. However, even though consumers can expect more certainty and confidence from the new certification, it can still be difficult to decide when the right time to see a financial planner is. Essentially, financial planners can help you choose investment options that maximise your returns and achieve your retirement goals.  They will assess your risk profile, and determine what typ
Buying a Property with My SMSF

Buying a Property with My SMSF

Investment, SMSF
Setting up a self-managed super fund is a popular choice if you are planning to invest in property. It is actually the only way that you can buy property using your superannuation mone,y and you don’t have to use a single dollar from your own pocket for the entire set up and purchase. Your superannuation is your money - you just can’t access it until you retire so the entire choice of investments is yours. You must adhere to a strict set of laws if you want to go down this path. There are two structures that are required to be set up before you sign a contract to purchase your property. The first is the actual self-managed super fund structure. In all cases, the fund should be set up with a company acting as trustee. This is because any lender, whether it be a bank or non-bank lender, w
Investment Properties – Typical Deductions I can claim

Investment Properties – Typical Deductions I can claim

Investment
For many Australians, their personal home is their biggest investment. Once they have purchased a home to live in, their next biggest purchase would be an investment property. If you are in the market for an investment property, then you should do your homework before you buy. There are many things that you should consider overall, before signing a contract. The extent that negative gearing will impact on your overall tax position is usually the key consideration, along with the timeframe for your investment and capital growth possibilities. If you are mainly concerned with saving tax, then certain properties may give you better tax deductions over others - depending on their year of construction or renovation, and the effective life left in the fixtures and fittings. New properties...
Typical SMSF Investments

Typical SMSF Investments

Investment
Your self-managed super fund can invest in any type of investment that is permitted by the super law and its trust deed. The range of investments, that you can consider for your SMSF, typically includes anything you can invest in as an individual. Some prime examples are: Direct investments – shares, term deposits, bank accounts. Direct property – residential houses, units, townhouses, villas, and commercial property such as shops, warehouses, offices, factories/industrial units and land. Overseas property investments are also possible. Managed funds – retail or wholesale, domestic and international, via external providers such as fund managers and wrap accounts. Private companies. Private unit trusts – including indirect property trusts. A business and business real property – t