RSM Australia

Self-managed superannuation growth strategies

After a SMSF is established it is necessary for the fund trustees to determine how the members’ benefits are invested and how funds are contributed to the SMSF.

Our specialist advisors together with RSM Financial Services Australia (AFSL 238282) are able to assist SMSF trustees with:

  • contribution limits - there are various limits for concessional, non-concessional and contributions relating to capital gains. Exceeding the relevant contribution limits can potentially result in penalty tax applying at up to the top marginal tax rate of 49%
  • contribution types - as well as contributing cash to superannuation, it is possible for certain assets, such as listed shares and some property to be transferred to superannuation as an in specie contribution
  • structuring borrowing arrangements - in limited circumstance a SMSF can borrow to purchase assets in the superannuation fund

Five questions to ask before an SMSF property development

30 October 2020
With rapidly declining rental vacancies and lower numbers of properties for sale in Western Australia, property is once again becoming a topic of interest, and the ever-popular question is coming up once again:

The Power of Farmland in Superannuation

14 August 2020
Acquiring, farmland inside a Self Managed Superannuation Fund (SMSF) that can then be leased to a related party is popular strategies for farmers to help build their wealth for retirement. Make this a stress free transaction by considering the following issues:

Top 5 issues with SMSFs and Family Law

25 May 2020
Superannuation and SMSFs are becoming increasingly complex, especially in a family law situation.

A focused investment approach

22 May 2020
History has proven that a focused long-term conviction to an investment philosophy, robust processes, and quality investments will undoubtedly ensure enhanced security and long-term returns.  

Early release of Superannuation - short term gain for long term pain?

30 April 2020
The Stanford Marshmallow experiment - a widely published psychological experiment, place a child in a room with a single marshmallow, promising them that they will get another marshmallow if they do not eat the first one for an unknown amount of time (usually between 10 and 15 minutes).

Self-Managed Superannuation Funds and loan relief

26 March 2020
With the financial impacts of the COVID-19 pandemic increasing, many are looking for loan relief in an attempt to manage cashflow.

Pay Your Super First

10 January 2020
SuperStream and more recently Single Touch Payroll (STP) have both been significant changes to the payroll compliance framework for employers.

The power of a small investment into superannuation

18 December 2019
You’ve recently graduated as a medical professional after years of hard work and endless hours hitting the books.  As tempting as it is to use your well-earned income on a feature-packed credit card and a new BMW, have you considered the power of a small investment into your superannuation? 

Downsizing to improve your income in retirement

4 November 2019
Have you worked hard your whole life, but feel like you have not accumulated enough to fund your retirement? Well, downsizing could be the solution for you.

Downsizer Contributions - your choice of super fund matters

29 October 2019
You’re thinking about moving home and expect to have some remaining funds after the move. You know about the downsizer contribution rule, you’ve read a few articles and you’re ready to go. Before you go any further, here's a few questions you might not have thought about.

Downsizer Contributions impact on the Age Pension

11 October 2019
By making downsizer contributions, it’s important to be aware of the impact this may have on your Centrelink entitlements such as the age pension or for self-funded retirees, the benefits under the Commonwealth Seniors Health Card (CSHC).

Understanding the new and improved downsizer contributions rules

8 October 2019
A variety of factors come into play when determining if you should downsize the family home.

Superannuation Legislation for High Income Earners

4 October 2019
The Government has passed superannuation legislation for high income earners (with income exceeding $263,157 per annum) which allows employees with more than one job to choose not to have the 9.5% superannuation guarantee paid by all their employers.

Insurance matters, so hang on to those superannuation accounts

21 March 2019
About 28 million superannuation accounts for 25 million Australians look to be way too many, and seemingly justifies a Federal Government campaign to forcibly consolidate funds.

Young Australians beware of the impact of super without insurance

24 May 2018
Most Australians breathed a sigh of relief in the 2018 Budget that few changes were made to super. The government did however place some focus on limiting the amount of superannuation being eroded by fees.

Farm Succession - How to Generate Income When Retiring From Your Farm

20 September 2017
One question I am often asked by my farming clients when considering farm succession is...

Downsizer contributions

10 August 2017
The 2017 federal budget was a quiet one for superannuation with no substantial reforms or tinkering with the system. One reform announced was the ability for amounts to be contributed to superannuation over and above the current limits where individuals are downsizing their primary residence. 

Last chance for self-employed to maximise super contributions to GESB

8 May 2017
If you’re a doctor, engineer or teacher who has previously worked for the West Australian State Government, you may be aware of the changes to superannuation that will significantly impact one of the best retirement strategies available to you since John Howard’s $1m boom.

Concerned about super changes and wonder if you can still retire early?

2 May 2017
With all the changes to superannuation and Centrelink that have taken place it’s understandable that Australians are concerned about being able to access their retirement nest egg when they want to. Recently I read the following question in a financial publication that really intrigued me:

Superannuation Changes - Your questions and our answers | Part 2

2 March 2017
Following on from Part one of Superannuation Changes -  Your questions and our answers, below we explore some other key questions regarding Capital Gains Tax Relief, Estate Planning and Contribution Issues.  

Managed Funds vs. Direct Shares | Part 2

27 October 2016
“I have a DIY (Do it yourself) fund, why should I use ‘managed’ funds?”

New superannuation legislation – where do you stand?

18 October 2016
Government releases more superannuation legislation

Managed Funds vs. Direct Shares | Part 1

3 August 2016
I have a DIY (Do it yourself) fund, why should I use ‘managed’ funds?

Choosing a Corporate or Individual Trustee

3 August 2016
When establishing an SMSF the members have a critical decision to make. Do they set it up as individual trustees or as a company appointed as a corporate trustee, with the members being directors of the company? We explore what to remember when making this decision.

Budget 2016 for Superannuation

4 May 2016
The Government took a hard, and potentially unpopular line on superannuation tax concessions in the 2016/17 Budget, with changes including:

Superstream

1 April 2016
The government has introduced legislation surrounding the method of payment for superannuation contributions. This legislation is called “SuperStream” and applies to employers, employees and superannuation funds (i.e. self-managed superannuation funds). Self-Managed Superannuation Funds 

Superannuation – a due date that cannot be negotiated

3 December 2015
To the surprise of many employers, missed, or late, superannuation payments can have significant financial and administrative consequences for the business.

Superannuation rules flux drive SME owners to SMSFs

15 July 2015
Superannuation continues to be an area of political discussion and potential change. While investment returns are generally good, the system’s unpredictability undermines people’s confidence.

2015 year-end superannuation action

16 June 2015
Contribution planning For concessional contributions such as employer, salary sacrificed or personal deducted contributions, the cap has been indexed and therefore increases in the 2015 year. For individuals under 50 years of age, the concessional contribution cap is $30,000 whilst those over 50 are able to contribute up to $35,000.

2015-16 budget for superannuation

12 May 2015
Contrary to the announcements made by the Labor Party in April, the government confirmed in the Federal Budget that no tax changes will be made to superannuation this year.

This article has been prepared by RSM Financial Services Australia Pty Ltd ABN 22 009 176 354, AFS Licence No. 238282.

As everyone's circumstances are different and this article doesn't take into account your personal situation, it is important that you consider the above in light of your financial situation, needs and objectives, and seek financial advice before implementing a strategy.
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