Category: Latest News

Using trusts: Keeping it in the family

Trusts are used to hold assets for various reasons, but most typically for tax planning and asset protection purposes. Here's a little more insight into how trusts work.

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RBA rate rise spurs mixed response from SMSF lenders

While the official interest rate increase has seen some SMSF lenders raise their interest rates, others are holding off for now.

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ATO flags changes to TBAR reporting

New rules are in effect, which will see changes to how SMSFs manage transfer balance lodgement.

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Make the most of these super opportunities before June 30

With only about four weeks left until the end of this financial year, now's a good time to check your superannuation options.

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SMSFs reminded on cryptocurrency risks as marketing intensifies

With cryptocurrency open to market manipulation and other risks, SMSF professionals play an essential role in educating clients, said a digital innovation expert. Peter Williams, chief edge officer, Centre for the Edge at Deloitte Australia, said that with Australians being inundated with ads for cryptocurrency, there are concerns that individuals, including SMSF trustees, may lose large amounts of money...

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Electric vehicles – How fast is usage growing?

In 2004, there less than 1,000 electric vehicles in use around the world.  Click on the video below to watch how that number grew over the next 15 years.

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ATO ruling may offer solution to NALE issues

Amendments being made to contribution ruling TR 2010/1 may provide a fix to some of the significant issues with the non-arm’s length expenditure rules, said the SMSF Association.

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Weighing up value and growth

What's the difference between value and growth investing, and how can you incorporate these investment factors into your portfolio?

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ATO ramps up identity fraud detection for new SMSFs

Around a quarter of the individuals being identified as high risk under the ATO’s new registrant program have compromised identities, said the ATO.

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How advice gets you closer to your goals

A recent Vanguard survey found that investors believed financial advice provides substantial portfolio, financial and emotional value, and got them closer to achieving their financial goals.

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SMSF account openings shift from self-directed to advised clients

The statistics have begun to change coming out of the COVID-19 pandemic, according to new findings from Australian Investment Exchange Limited (AUSIEX).

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Investors are becoming more ethically conscious

Investors worldwide are becoming more actively engaged with where their money is being invested, with flows into ESG products continuing to build momentum.

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Federal budget 2022: Winners and Losers

With a federal election only a couple of months away, find out who's getting a cash boost — and who's not — in Treasurer Josh Frydenberg's latest budget.

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SMSFs warned on NALE uncertainty

Heffron says SMSFs still need to be cautious around non-arm’s length arrangements.

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Constructing a portfolio using investor profiles

Vanguard research showed that not all younger investors had a high equity allocation and not all older investors reduced risk as they aged. Consider constructing a portfolio using diversified funds that not only considers your investment time frame, but also aligns to your attitude towards risk.

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ATO upgrades Online services for SMSF auditors

The ATO has made a number of enhancements to Online services for business to improve the process of lodging auditor contravention reports and audit complete advices.

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Government intervention in super a ‘low priority’ for consumers

Access to healthcare and the cost of living rank higher, according to a recent survey.

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Where self-managed super funds are investing

Recently released ATO data shows some SMSFs have too much of their money invested into just a few asset classes and are not as diversified as they could be. Here's why having broad market exposure is important in retirement.

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Investing for a house deposit

Despite it seeming increasingly difficult to get on the property ladder, there are still a few ways younger investors can realistically work towards a house deposit.

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Federal Budget 2022 – Overview

  The following is a breakdown of the major parts of the Federal Budget delivered last night by the Treasurer, Josh Frydenberg.   

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Federal Budget 2022 and YOU – Part 1

  Part 1:  Any government Budget consists of information about all areas the respective government manages for the tax payer.  The Federal Budget is no exception and set out below are half of the areas this year's Budget covered.  It is set out in this way to help quickly find information that effects you, your family and your region.  

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Budget at a glance – Video

  There are hundreds of pages and summaries you can read about this year's Federal Budget but this video is the only comprehensive option you can watch.  

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Federal Budget 2022 and YOU – Part 2

  Part 2: The second half of a detailed breakdown of last night’s Federal Budget. Also included are the budget documents themselves for those who like their information to be as granular as possible. Part 2 is set out in this way to help quickly find information that affects you, your family, and your region.  

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APRA proposes updates to super data transparency

The prudential regulator is planning to publish data on all super products and investment options for the first time.

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State and Federal Disaster support — March 2022

The following links are to the latest state and federal government plans, schemes, programs, and initiatives to help businesses and individuals manage the impact of yet further national hardships.

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Fresh research challenges guidance on SMSF minimum balances

New research shows that ASIC’s emphasis on minimum SMSF balances of $500,000 is “excessively conservative”, with the evidence suggesting that $200,000 may be a more appropriate threshold.

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SMSFs still experiencing delays with SuperStream

The latest version of the SuperStream standards has made the SMSF rollover process slower and more complicated, according to around half of SMSF professionals in an industry poll.

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Mistakes to avoid when markets are turbulent

Decisions made in response to short-term events will invariably have negative long-term consequences, so avoid these three common mistakes if you can

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Risking your retirement

If you're retired or approaching retirement, and dreading the next piece of news that may cause your portfolio to dip, then it might be time to revisit your asset allocation.

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A total returns approach to rebalancing

When reviewing your asset allocation for the purpose of rebalancing, consider whether a total returns approach to portfolio construction can help achieve your investment goals.

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Heathmont Financial Services Pty Ltd (ABN 68 106 250 104) trading as Heathmont Financial Services is a Corporate Authorised Representative (No. 262098) of Knox Wealth Management Pty Ltd (ABN 74 630 256 227), Australian Financial Services Licence Number (AFSL) 513763.

Julian McGoldrick is an Authorised Representative (No. 262098) of Knox Wealth Management Pty Ltd AFSL 513763.

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