Archives for February 2017

Is the Peer-to-Peer Lending Investment Option Right for Your SMSF?

One investment option that has surfaced relatively recently, and that SMSF trustees may consider   as a part of their strategy to grow their fund, is investing through peer-to-peer lending. Peer-to-peer lending involves an investor —  a trustee of  the SMSF in this example — providing funds to an online lending platform. This platform, which must have an [Read more…]

Active Vs Passive Assets and the Small Business CGT Concession

The small business capital gains tax concessions are extremely valuable. For small business owners who need to dispose of assets that have risen in value during the time they have owned them, accessing these concessions can mean greatly reducing any consequent tax liability, even to zero. But to access the CGT concessions some conditions must first be [Read more…]

Recent Changes to the Assets Test For Pensioners

From January 1, 2017, the assets test free area and taper rate for pensions increased. The assets test works by reducing a person’s age pension payment for every dollar of assets owned over a certain value. The test takes into account most assets, including any property (except your primary home) or possessions owned, or partly owned, in [Read more…]

The Process (and Pros and Cons) of “Electing” to be a Family Trust

Trusts are an important and very useful concept for managing one’s financial affairs, as well as estate planning. A trust is established whenever there is a separation of the legal ownership  (for example, the  name appearing on a land title) from the beneficial (equitable) owner of an asset (in other words, the person that a court  would [Read more…]

Deceased Estates: A Brief Guide to Tying up the Loose Ends

After a person dies, and the usual arrangements are completed, there will come a time when other matters,  such as tax and superannuation issues, must be looked after. The person who takes on the responsibility for administering a deceased estate is commonly referred to as the executor, but could also be known as an administrator [Read more…]

Sitting on the Fence?

Why people DO it Around 20% of Australians invest in property for: Potential capital growth Rental income Tax benefits. They tend to consider property one of the more solid, less volatile forms of investment because you can actually touch bricks and mortar. They like the feeling of getting ahead financially. They don’t want to be [Read more…]