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Q & A M writes and asks: “Quick question. Can I borrow against my Super to buy a franchise business? e.g. Inkspot. Would that be possible?” Hi M, Unfortunately the answer is probably ‘No’. Super funds pay a discounted/concessional rate of tax on earnings (15%). To keep getting the discounted […]

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With the year-end already upon us now is a good time to ensure that you have all of your SMSF obligations under control. The following is a quick checklist of items that you should consider as part of your year-end SMSF Review CONTRIBUTION CAPS It is important to ensure that […]

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RBA adopts a ‘wait and see’ approach after last month’s rate cut. With domestic economic growth remaining below the long-term average, the Reserve Bank felt that leaving the cash rate unchanged is the best course of action at this month’s board meeting. Governor Glenn Stevens of the RBA also released […]

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7 May 2015 Assistant Treasurer Josh Frydenberg has today confirmed the government will amend the provision for accessing superannuation for people suffering a terminal illness. Under the current provision for early access to superannuation, a person with a terminal illness is required to obtain certification from medical specialists if they […]

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