Superannuation, self-managed super funds, pensions, life insurance, disability insurance, income insurance, and more... Thu, 28 Feb 2019 10:25:13 +0000 Thu, 28 Feb 2019 10:25:13 +0000 InvestChat https://www.investchat.com.au/community/forums/superannuation-smsf-personal-insurance.24/ Thu, 14 Feb 2019 02:44:43 +0000 https://www.investchat.com.au/community/threads/cointree-smsf-account.10332/ https://www.investchat.com.au/community/threads/cointree-smsf-account.10332/ invalid@example.com (michael-syd) michael-syd
Anyone else doing crypto with their SMSF, I couldn't see many posts about it here. Am looking for any reccomendations on how you manage your crypto SMSF and also if you have had any trouble with the tax reporting.

Thanks

Michael]]> Sat, 19 Jan 2019 00:47:29 +0000 https://www.investchat.com.au/community/threads/asic-seeks-new-default-super-partner.10317/ https://www.investchat.com.au/community/threads/asic-seeks-new-default-super-partner.10317/ invalid@example.com (twisted strategies) twisted strategies ASIC seeks new default super partner

this might raise the odd eye-brow ( or chuckle ) among members]]> Thu, 29 Nov 2018 06:29:05 +0000 https://www.investchat.com.au/community/threads/zero-tax-rate-on-pensions-is-right-and-fair.10228/ https://www.investchat.com.au/community/threads/zero-tax-rate-on-pensions-is-right-and-fair.10228/ invalid@example.com (twisted strategies) twisted strategies Zero tax rate on pensions is right and fair - Cuffelinks]]> 5 Sat, 24 Nov 2018 04:32:44 +0000 https://www.investchat.com.au/community/threads/claiming-a-tax-deduction-for-concessional-contributions.10146/ https://www.investchat.com.au/community/threads/claiming-a-tax-deduction-for-concessional-contributions.10146/ invalid@example.com (JOHN SMITH) JOHN SMITH In relation to my 16k less tax, am I able to claim a personal tax deduction against this concessional amount? Look forward to your responses. Thanks in advance. John]]> 5 Sat, 24 Nov 2018 02:00:22 +0000 https://www.investchat.com.au/community/threads/controversial-recommendations-from-grattan-institute-on-superannuation.10267/ https://www.investchat.com.au/community/threads/controversial-recommendations-from-grattan-institute-on-superannuation.10267/ invalid@example.com (JoelVermeer) JoelVermeer "Money in retirement: More than enough". I suspect all of them will provoke vigorous discussion.


1. The Superannuation Guarantee should remain at 9.5 per cent.
Planned increases in the rate of compulsory superannuation contributions to 12 per cent by July 2025 should be abandoned.

2. Commonwealth Rent...

Controversial recommendations from Grattan Institute on Superannuation]]> 8 Tue, 20 Nov 2018 09:42:45 +0000 https://www.investchat.com.au/community/threads/more-than-1-6m-in-super-i-am-confused-about-the-rules-which-apply-when-i-retire-next-year.10181/ https://www.investchat.com.au/community/threads/more-than-1-6m-in-super-i-am-confused-about-the-rules-which-apply-when-i-retire-next-year.10181/ invalid@example.com (JOHN SMITH) JOHN SMITH
More than 1.6m in super. I am confused about the rules which apply when I retire next year.]]> 1 Fri, 16 Nov 2018 00:16:23 +0000 https://www.investchat.com.au/community/threads/superannuation-is-it-worth-it.10275/ https://www.investchat.com.au/community/threads/superannuation-is-it-worth-it.10275/ invalid@example.com (twisted strategies) twisted strategies Superannuation: is it worth it?]]> Mon, 22 Oct 2018 22:51:50 +0000 https://www.investchat.com.au/community/threads/early-release-of-super-fhsss-gaining-traction-ato.10255/ https://www.investchat.com.au/community/threads/early-release-of-super-fhsss-gaining-traction-ato.10255/ invalid@example.com (twisted strategies) twisted strategies Early release of super, FHSSS gaining traction: ATO

and here we have a clear indication of things to come

( i liquidated my super in 2010 , and haven't regretted it for a minute )

i did reinvest it in a way i can fully control it , but then i could see the treachery coming even back then

NEVER get between a politician and a pot of money ( an old wisdom )]]> Mon, 22 Oct 2018 22:41:25 +0000 https://www.investchat.com.au/community/threads/australian-retirement-system-weakens.10254/ https://www.investchat.com.au/community/threads/australian-retirement-system-weakens.10254/ invalid@example.com (twisted strategies) twisted strategies Australian retirement system weakens]]> 1 Wed, 19 Sep 2018 22:20:50 +0000 https://www.investchat.com.au/community/threads/smsf-investment-trends-show-rising-diversity.10226/ https://www.investchat.com.au/community/threads/smsf-investment-trends-show-rising-diversity.10226/ invalid@example.com (twisted strategies) twisted strategies SMSF investment trends show rising diversity - Cuffelinks

i do not have a formal super fund or SMSF

but i do watch investment trends but investors large and small]]> Thu, 23 Aug 2018 02:13:54 +0000 https://www.investchat.com.au/community/threads/would-an-adviser-leave-a-client-in-a-negative-cash-option.10201/ https://www.investchat.com.au/community/threads/would-an-adviser-leave-a-client-in-a-negative-cash-option.10201/ invalid@example.com (twisted strategies) twisted strategies Would an adviser leave a client in a negative cash option? | Money Management]]> 4 Thu, 16 Aug 2018 08:00:19 +0000 https://www.investchat.com.au/community/threads/how-isa-received-5-5-million-from-australiansuper.10200/ https://www.investchat.com.au/community/threads/how-isa-received-5-5-million-from-australiansuper.10200/ invalid@example.com (twisted strategies) twisted strategies How ISA received $5.5 million from AustralianSuper | Money Management.

i see commentary that the Royal Commission is getting jaded and boring , i disagree entirely]]> Thu, 02 Aug 2018 13:24:19 +0000 https://www.investchat.com.au/community/threads/tpd-claim-through-superfund.10174/ https://www.investchat.com.au/community/threads/tpd-claim-through-superfund.10174/ invalid@example.com (Romy) Romy Just curious; can it affect my TPD payout figure.]]> 1 Sat, 28 Jul 2018 01:50:55 +0000 https://www.investchat.com.au/community/threads/labor-franking-policy-creates-incentive-to-close-smsfs.10177/ https://www.investchat.com.au/community/threads/labor-franking-policy-creates-incentive-to-close-smsfs.10177/ invalid@example.com (twisted strategies) twisted strategies Labor franking policy creates incentive to close SMSFs - Cuffelinks]]> 1 Thu, 19 Jul 2018 06:39:54 +0000 https://www.investchat.com.au/community/threads/smsf-loans-what-are-the-options.10026/ https://www.investchat.com.au/community/threads/smsf-loans-what-are-the-options.10026/ invalid@example.com (LHGC) LHGC
I am trying to find the right SMSF loan provider for a friend.

Fund info -
Balance: $500,000
Annual Contributions: $2,000 (our main source of issue in obtaining finance), and limited ability to make any further contributions.
Member Age: 50
Investment Property: Anywhere between $250k older unit and $450k newer standalone property.
LVR: Open to suggestion to make a deal work.

Although the fund actually has enough money to buy a property outright, the members would like to borrow...

SMSF Loans - What are the options?]]> 5 Wed, 11 Jul 2018 23:27:15 +0000 https://www.investchat.com.au/community/threads/how-property-spruikers-target-smsfs.10159/ https://www.investchat.com.au/community/threads/how-property-spruikers-target-smsfs.10159/ invalid@example.com (twisted strategies) twisted strategies How property spruikers target SMSFs - Cuffelinks

now i normally avoid seminars in general with the exception of some IT talks .

( DYOR )]]> Thu, 28 Jun 2018 02:47:34 +0000 https://www.investchat.com.au/community/threads/rorts-and-rip-offs-prevention-in-super-legislation.10142/ https://www.investchat.com.au/community/threads/rorts-and-rip-offs-prevention-in-super-legislation.10142/ invalid@example.com (twisted strategies) twisted strategies 'Rorts and rip-offs’ prevention in super legislation - Cuffelinks


it will be interesting to see how this works out ( if implemented , partially or fully )]]> Tue, 26 Jun 2018 01:10:41 +0000 https://www.investchat.com.au/community/threads/amendment-of-super-in-previous-fy.10132/ https://www.investchat.com.au/community/threads/amendment-of-super-in-previous-fy.10132/ invalid@example.com (McCuzzle) McCuzzle I operate as Pty Ltd company for my various contracting and other engagements. I don't do my taxes until well after the end of financial year. As an example, for FY17, my accountant did my taxes in February 2018, with lodgement mid May, tax payable mid June 2018. The issue I face every year is the calculation and payment of Superannuation guarantee for the FY, when I don't know my taxable income for that year until months later.
Is there a way that I can make an amendment for the...

Amendment of Super in previous FY]]> 1 Tue, 19 Jun 2018 03:37:59 +0000 https://www.investchat.com.au/community/threads/term-deposit-reforms-see-smsfs-eye-bonds-managed-funds.10125/ https://www.investchat.com.au/community/threads/term-deposit-reforms-see-smsfs-eye-bonds-managed-funds.10125/ invalid@example.com (twisted strategies) twisted strategies Term deposit reforms see SMSFs eye bonds, managed funds - SMSFAdviser Magazine

i resisted the urge to set up a formal SMSF and have not had a term deposit since 2015

i hold MBLHB and SVWPA currently ( both bought several years ago at a discount to face value )

and mainly use bond proxies like SYD , CLW and similar

take care

( and DYOR )]]> Tue, 05 Jun 2018 02:12:14 +0000 https://www.investchat.com.au/community/threads/netwealth.9758/ https://www.investchat.com.au/community/threads/netwealth.9758/ invalid@example.com (Kimrida66) Kimrida66 They are wholesale super people?? Whatever that means at present my super in 5 different places going backwards thanks Kim]]> 5 Tue, 05 Jun 2018 01:56:51 +0000 https://www.investchat.com.au/community/threads/smsf-over-the-cap-decisions.10117/ https://www.investchat.com.au/community/threads/smsf-over-the-cap-decisions.10117/ invalid@example.com (ethereal) ethereal
SMSF over the cap decisions]]> 2 Thu, 31 May 2018 04:27:26 +0000 https://www.investchat.com.au/community/threads/can-franking-credits-offset-tax-payable-on-concessional-contributions.10109/ https://www.investchat.com.au/community/threads/can-franking-credits-offset-tax-payable-on-concessional-contributions.10109/ invalid@example.com (JoelVermeer) JoelVermeer
My assumption is YES, but happy for anyone to correct me.]]> 2 Wed, 30 May 2018 01:23:46 +0000 https://www.investchat.com.au/community/threads/when-is-a-benchmark-not-a-benchmark.10112/ https://www.investchat.com.au/community/threads/when-is-a-benchmark-not-a-benchmark.10112/ invalid@example.com (Tropo) Tropo https://www.tradinggame.com.au/when-is-a-benchmark-not-a-benchmark/]]> Thu, 24 May 2018 04:01:34 +0000 https://www.investchat.com.au/community/threads/smsf-life-span.10098/ https://www.investchat.com.au/community/threads/smsf-life-span.10098/ invalid@example.com (knpp19s) knpp19s
I want to start a SMSF for myself as the sole Member, to invest in precious metals bullion and nothing else, ie 100% of the SMSF funds will be invested in precious metals bullion.

Member retirement benefits will come from the anticipated rise the gold and silver price.

Some questions:

Is it possible to invest SMSF investments into precious metals alone?

Am I required to have, at least, some diversification...

SMSF life span]]> 7 Sat, 28 Apr 2018 22:10:41 +0000 https://www.investchat.com.au/community/threads/which-super-funds-allow-you-to-invest-in-etfs-lics.10064/ https://www.investchat.com.au/community/threads/which-super-funds-allow-you-to-invest-in-etfs-lics.10064/ invalid@example.com (twisted strategies) twisted strategies Which super funds allow you to invest in ETFs & LICs?

please note i do not have a formal super or SMSF , i went for a straight investment portfolio ( for better or worse ) as i wanted full control on the decisions

( as i was aiming for a retirement income fund , not something to build up then liquidate )]]> 5 Thu, 19 Apr 2018 03:10:18 +0000 https://www.investchat.com.au/community/threads/1-million-is-never-worth-less-than-500-000.10067/ https://www.investchat.com.au/community/threads/1-million-is-never-worth-less-than-500-000.10067/ invalid@example.com (twisted strategies) twisted strategies $1 million is never worth less than $500,000 - Cuffelinks

of course add a little share-market meltdown into the mix ( and the increased chance of dividend cuts )

not so easy when stock markets and governments shift the boundary lines ( as they do )]]> 1 Fri, 06 Apr 2018 12:45:40 +0000 https://www.investchat.com.au/community/threads/drawing-on-pension-mode-super-account.10065/ https://www.investchat.com.au/community/threads/drawing-on-pension-mode-super-account.10065/ invalid@example.com (Tallis) Tallis I am about to commence an account based pension and am considering a new tow vehicle...do I withdraw the whole required amount, paying no tax, or is a monthly withdrawal possible by the loan agent, from my pension acct??
Regards
Tallis]]> 1 Thu, 22 Mar 2018 08:11:58 +0000 https://www.investchat.com.au/community/threads/four-checks-for-super-downsizer-contributions.10048/ https://www.investchat.com.au/community/threads/four-checks-for-super-downsizer-contributions.10048/ invalid@example.com (twisted strategies) twisted strategies Four checks for super downsizer contributions - Cuffelinks]]> Thu, 22 Mar 2018 08:07:23 +0000 https://www.investchat.com.au/community/threads/back-to-basics-shows-franking-credit-refunds-are-fair.10047/ https://www.investchat.com.au/community/threads/back-to-basics-shows-franking-credit-refunds-are-fair.10047/ invalid@example.com (twisted strategies) twisted strategies Back to basics shows franking credit refunds are fair - Cuffelinks]]> 1 Thu, 15 Feb 2018 05:59:49 +0000 https://www.investchat.com.au/community/threads/five-ways-australian-super-is-a-global-outlier.10023/ https://www.investchat.com.au/community/threads/five-ways-australian-super-is-a-global-outlier.10023/ invalid@example.com (twisted strategies) twisted strategies Graham Hand on February 13, 2018

Five ways Australian super is a global outlier - Cuffelinks]]> Wed, 14 Feb 2018 19:29:21 +0000 https://www.investchat.com.au/community/threads/superannuation-rip-off.9981/ https://www.investchat.com.au/community/threads/superannuation-rip-off.9981/ invalid@example.com (Tropo) Tropo Superannuation RipOff - Trading Game]]> 3 Tue, 06 Feb 2018 22:36:47 +0000 https://www.investchat.com.au/community/threads/self-managed-super-fund-software.8500/ https://www.investchat.com.au/community/threads/self-managed-super-fund-software.8500/ invalid@example.com (greyst) greyst
Thanks!]]> 12 Tue, 30 Jan 2018 23:49:31 +0000 https://www.investchat.com.au/community/threads/an-easy-question-for-those-in-the-know.10002/ https://www.investchat.com.au/community/threads/an-easy-question-for-those-in-the-know.10002/ invalid@example.com (Rocket66) Rocket66
I have a simple question relating to super.

Q: If you salary sacrafice into super, can you end up with more "take home pay"? The moneysmart calculater says I should sacrafice $143 a fortnight in super but doesnt give reasons why.

Rockett]]> 8 Mon, 29 Jan 2018 10:26:15 +0000 https://www.investchat.com.au/community/threads/non-concessional-contributions.10000/ https://www.investchat.com.au/community/threads/non-concessional-contributions.10000/ invalid@example.com (JOHN SMITH) JOHN SMITH Look forward to some learned responses. Thanks.]]> 1 Thu, 14 Dec 2017 22:42:43 +0000 https://www.investchat.com.au/community/threads/become-an-informed-user-of-retirement-expertise.9960/ https://www.investchat.com.au/community/threads/become-an-informed-user-of-retirement-expertise.9960/ invalid@example.com (twisted strategies) twisted strategies Become an informed user of retirement expertise - Cuffelinks

having an idea of what outcome is desired , is a very important precursor for decision-making for me .]]> Mon, 06 Nov 2017 20:58:25 +0000 https://www.investchat.com.au/community/threads/smsf-purchase-off-and-lease-livestock.9411/ https://www.investchat.com.au/community/threads/smsf-purchase-off-and-lease-livestock.9411/ invalid@example.com (Meyers) Meyers
Is the SMSF able to purchase and lease breeding stock (cattle). There are livestock leasing options available through rural banks and agents.
The SMSF's cash would be used. Does this have to be stated in the deed if it is possible. It is a legit option for investment returns in the current climate.]]> 6 Sun, 15 Oct 2017 02:28:59 +0000 https://www.investchat.com.au/community/threads/smsf-strategy-residential-property.9510/ https://www.investchat.com.au/community/threads/smsf-strategy-residential-property.9510/ invalid@example.com (drfuzzy) drfuzzy
I'm late 30s and have about $240k in super with a retail fund. I have significant assets outside of super and an income circa $200k and am happy to take risk with my super.

My plan was to establish an SMSF and purchase a house circa $800k-$900k in a location that will ultimately gentrify and borrow up to $700k to do it. The house would be mostly for land value and the yield would not be great, however my income would cover the shortfall from the rent. I have been contributing...

SMSF strategy residential property]]> 5 Thu, 12 Oct 2017 02:09:57 +0000 https://www.investchat.com.au/community/threads/assign-lease-to-smsf.9903/ https://www.investchat.com.au/community/threads/assign-lease-to-smsf.9903/ invalid@example.com (Vistaman) Vistaman They will pay us an annual fee of, let's say, $10k with 3% increase for a 20 year term.

Our family home is situated on the property.
We do not earn an income from the property, it isn't part of a business.
We are in early 60s, still in accumulation phase.
Can we assign the lease of the 120sq meters to our SMSF?

There are several companies who buy-out the lease on telco...

Assign lease to SMSF]]> 8 Thu, 28 Sep 2017 22:38:41 +0000 https://www.investchat.com.au/community/threads/like-for-like-comparisons-for-superannuation-portfolios.9902/ https://www.investchat.com.au/community/threads/like-for-like-comparisons-for-superannuation-portfolios.9902/ invalid@example.com (bowasd) bowasd
How do we compare a Superfund's portfolio asset allocation against another? Assuming the investment option you're in is 'balanced', you'd match that up with the other fund's balanced options however different funds build their portfolios differently. So wondering how you would go about doing a comparison to decide between funds?]]> 3 Mon, 25 Sep 2017 04:32:56 +0000 https://www.investchat.com.au/community/threads/starting-a-smsf-with-older-parents.9899/ https://www.investchat.com.au/community/threads/starting-a-smsf-with-older-parents.9899/ invalid@example.com (Alemilyx) Alemilyx
Starting a SMSF with older parents]]> 2