Investing in Property with your Self-Managed Super Fund (SMSF)
If you have your own SMSF, you can use it to invest in residential or commercial property as an investment, and even borrow money to do so. This is one of the key differences between the types of investments SMSFs can make compared to other types of super funds. Benefits of buying SMSF property The […]
Super Audit Property Valuations
If you have a self-managed super fund (SMSF) with property assets, then you have a legal requirement as a trustee of your fund to ensure that your property is appropriately valued and documented each financial year. This valuation will likely be analysed as part of your annual SMSF compliance audit process. Read on to find out […]
Webinar Video: New 30% Tax On Super Balances Over $3M
Your Questions Answered on the Proposed 30% Tax on Super Balances over $3M The Government is reducing the tax concessions available to individuals whose total superannuation balances exceed $3 million. Individuals with balances over this threshold will be subject to an additional tax of 15 per cent on the earnings on any balance that exceeds […]
Additional Tax on SMSFs with Balances Over $3 Million
The federal government has recently announced an increase to the tax rate for individuals who have superannuation balances over $3 million. In this article we cover the short and long-term implications for self-managed super funds (SMSFs). How much is the tax rate increasing? The tax rate on super fund contributions and earnings for people with […]
Key SMSF Changes in 2022
The tax and superannuation laws are always changing, and we are here to help you stay informed. As a Trustee / Director of a Trustee Company for your Self Managed Superannuation Fund (SMSF), you need to be aware of key changes each year and opportunities and risk areas. We have outlined the 2022 key areas […]
1 July 2022 and Superannuation Contribution Changes
What are the changes? Originally announced in the 2021 Federal Budget, the following changes apply from 1 July 2022: Individuals up to the age of 74, will no longer need to meet a work test to make voluntary, non-deductible, contributions Individuals up to the age of 75, with a total super balance under $1.7 million, […]
SMSF NALI Changes
If you have a self-managed super fund (SMSF), it’s important to be aware of recent changes to how non-arms’ length income (NALI) is treated from a tax perspective. Instead of being eligible for the concessional superannuation tax rate of 15%, NALI income is taxed at the highest marginal rate of 45% if it results in […]
Top 5 Reasons To Have An SMSF
Self-managed super funds (SMSFs) are becoming increasingly popular in Australia due to the greater degree of control and flexibility they provide. More than 1 million Australians are now SMSF members. Having your own self-managed super fund allows you to have full control over the assets you invest in for your retirement. You can develop your […]
How To Maximise Your Super: Superannuation Strategies For Best Returns Explained
What’s Your Superannuation Strategy? Many Australians are unsure how their super is working for them, how their lives will change when they retire, and whether an SMSF might suit their circumstances. This article answers to following questions: Is superannuation still an important element in retirement planning? How to increase your super balance I am self-employed, […]
Accounting Firm of the Year 2018
Wilson Pateras are thrilled to announce that we’ve been named Accounting Firm of the Year 2018 in Victoria! Wilson Pateras have taken out the title at the prestigious 2018 SMSF and Accounting Awards at the Melbourne Convention and Exhibition Centre! We are delighted to be recognised for our contribution to the industry. At a gala dinner […]
