Archive for the Strategies Category

When we are asked what is the best legal entity to structure your assets to protect against creditors, SMSF’s are a worth mention. Historically <Family Trusts> were often used as a legal structure as means of accumulating wealth, some of the reasons included that the assets were not legally

Introduction Background Post 55 (or preservation age) and Early Retiring Strategy B4 starting a pension – add savings to your super B4 starting a pension – no Savings! then withdraw & re contribute Draw a pension & working at the same time & salary sacrifice Segregating Pension

Introduction Streaming with 2 SMSF’s & 2 separate accumulation interests to save tax Streaming with 1 SMSF using Savings to make a contribution Streaming with 1 SMSF – withdrawal & re contribution strategy < 60 Other Strategies Introduction A members superannuation funds are actually made up of

Cherry Picking a UNPB to take a Lump Sum or Pension Given that when a Pension is cashed, the first components to be cashed are UNPB’s. The proportioning rule only prevents cherry picking to cashing in benefits, however Cherry picking to preserve UNPB amounts before a pension

Introduction Advantages & Disadvantages of Insurance No deduction for Premiums & Assessability of Proceeds Introduction Many Insurance policies have different components to them, such as Life, Total permanent disability, terminal medical condition, Trauma, Income Protection. Accordingly it is important to understand the differences as the tax outcome

Introduction How is the Members Account balance Paid Who can be paid the Members Account balance Paying out the Deceased’s Balance as a Lump Sum & Save tax & Life Insurance Paying out the Deceased’s Balance as a Pension & Save tax – Reversionary Pensions Steps to pay

Spouse Contributions Excess Concessional Contributions Re-Contribution Age Based Limit Age Based Limit (2) make spouse co-contribution if she is not working and holds no director position up to the maximum of $1,000, to find out more on the eligibility conditions <click here>. Excessive Concessional Contributions – Div

Introduction Centerlink pays centerlink benefits, pensions, to pensioners subject to the pensioners not exceeding income and assets thresholds. A Super accumulation account is not included in the income and asset threshold’s where the person is below the “Age Pension” age. For males the age pension age is

Introduction Since 24 September 2007 SMSF’s have been allowed to borrow provided certain conditions are met. The SMSF can borrow from a bank, aor any other lending institution, infact can even borrow from your self. On 7 July 2010 the rules changed so there will be borrowing

What is the benefit of this Anti Detriment payment? How is the Anti Detriment Payment Calculated? Advantages of Anti Detriment Payment Disadvantages of Anti Detriment Payment Using a Reserve to fund Anti Detriment Payment Life Insurance & FITB to fund Anti Detriment Payment Re-contribution strategy and Audit