Concise Super | Author Archives | Page 3Jinny Coyle, Author at Concise Super

Do I need a SMSF Investment Strategy?

An investment strategy sets out the investment objectives and types of investments the trustees plan to invest in a Self Managed Superannuation Fund (SMSF). It is required by law to have a documented investment strategy and regularly review it.

An investment strategy can be prepared by the trustees or they can seek professional advice from a Financial Planner. The Auditor of the SMSF will request a copy to ensure the trustee’s are meeting their obligations.

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GST on Settlement

If you are thinking of buying or selling a property or land here is an update of the GST rules that were introduced to combat phoenixing.

Property purchase contracts that include GST in the purchase price that are signed on or after 1 July 2018 are affected by the new notification and payment obligations expected by the Australian Taxation Office (ATO).

Property affected by this new regime includes:

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Phillip J

Thank you for all the assistance and clarification you have given to date. I had no idea it was going to be so involved, however you are now starting to make things easier for me. A great service! If any of my friends mention they have a SMSF I will be sure to recommend you.

~ Phillip J, SMSF Trustee

Michael and Fiona F

We appreciate all you help in completing our Superfund accounts.

You have an easy system to follow.

It was wonderful to have you both present to explain the super fund accounts in detail to us.

Well Done and we look forward to working with you again next year.

~ Michael & Fiona F, SMSF Trustees