SMSF
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SMSFs are set to take centre stage in 2011, with a raft of new products - Pam Walkley
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The advantages of a self-managed super fund compared with other super investment vehicles include tax effectiveness, potential cost savings and control. In some ways, the disadvantages are almost the reverse and will depend entirely on the fund and your professionalism. For some people, an SMSF could turn out to be more expensive – particularly if the planned fund has little market capitalisation – and the investment performance may not be as strong as it would be with a professional manager. Two disadvantages that can’t be ignored are that you take on considerable obligations and can spend many hours on administrative and compliance tasks. Ask yourself three questions
by John McGrath One of the big new trends in our marketplace today is the increasing number of investors buying property with their self managed super funds (SMSFs). Back in 2007, the super rules changed to allow people to borrow through their super funds for investment. It’s taken a while for people to get used to the idea of running their own super fund, let alone borrowing through it to buy a property. However, with more and more people setting up their own super funds today, we’re seeing a significant flow-on effect in the property market.
Pros and cons of buying property through SMSFs - The Experts | Switzer
The banning of in-specie asset transfers, as announced within the latest Stronger Super reforms package, will disadvantage self-managed super funds (SMSFs) and expose them to greater costs and risks, according to Hewison Private Wealth. John Hewison, CEO of Hewison Private Wealth, said while the proposed introduction of MySuper had been widely applauded, the ban of in-specie, off-market asset transfers for SMSF investors unfairly discriminated against self-managed super funds. "The issue is that under the new reforms, SMSF investors have restrictions applied, but institutional and industry superannuation funds, which also use these transactions, are exempt," he said. "In addition, the ban will most likely impose additional brokerage costs on SMSF members and exposes their assets to greater risk, especially given current market volatility."
