by Audit Your Superfund | Jul 10, 2017 | Blog
Property just won’t stop. CoreLogic’s monthly indices to end of May 2017 show that across Sydney, Melbourne, Adelaide, Brisbane and Perth, values are up 8.45 per cent in a year. For Sydney and Melbourne, this figure rises to above 11 per cent. With prices...
by Audit Your Superfund | Jul 4, 2017 | Blog
Your trustees will know about the SMSF transfer balance cap by now – but what can they do about it? As of July 1st 2017, funds in retirement phase accounts cannot exceed $1.6 million. This will only impact a handful of funds immediately, but over time more and...
by Audit Your Superfund | Jun 27, 2017 | Blog
Ensuring SMSF compliance at all times is quite the job. For financial advisers and accountants, it means close scrutiny of the transactions and investments made by trustees through the fund. One of the more complicated issues that arises with SMSF compliance is...
by Audit Your Superfund | Jun 7, 2017 | Blog
Property valuations are often a contentious issue for SMSF auditors. The auditor has a responsibility to confirm the assets of the fund are at a market value. If trustees don’t provide enough paperwork to support the valuation, it can cause delays in the SMSF...
by Audit Your Superfund | May 15, 2017 | Blog
Some trustees may be questioning if superannuation is the best place to hold their retirement nest egg. Whilst some of the tax benefits have been removed, there is no doubt superannuation is still a great retirement vehicle with many tax advantages. Understanding...
by Audit Your Superfund | May 11, 2017 | Blog
Look, we know talking about self-managed super funds in a relatable way is hard. The ATO tried it once – they wrote an entire BuzzFeed article trying to explain SMSFs with GIFs of dogs. We hadn’t heard of it until we started this article either. But the...
