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Got term deposits on your mind?

The basics A term deposit is like a locked bank account. You agree to a fixed interest rate in exchange for investing your money for a set amount of time. It offers certainty and security, and you know exactly how much you are getting and when you are getting it. The global financial crisis has...

Got term deposits on your mind?2018-02-13T00:00:24+00:00

Know your insurance

From beneficiaries and benefits to policies and premiums, personal insurance is full of technical terms. Here are some common questions – and answers – that may help you better understand the world of insurance, and how it can help ease financial stress resulting from difficult and challenging life events. Is there a rule of thumb...

Know your insurance2018-02-13T00:00:25+00:00

Super – in it for the long term

Superannuation is specifically designed to help you save and invest for your retirement. It’s all about helping you take control of your own retirement, rather than rely on the age pension. It’s your money! When you first start in the workforce, it’s easy to dismiss super as money you can’t access or ‘lost’ money. It’s...

Super – in it for the long term2018-02-13T00:01:16+00:00

Hybrid securities: proceed with caution

A hybrid security is one that combines two or more securities to form a single investment. They are usually traded on markets such as the Australian Stock Exchange (ASX) and are often used by companies as a way of borrowing money from investors. For example, a typical hybrid security may be part debt and part...

Hybrid securities: proceed with caution2018-02-13T00:06:30+00:00

The pros and cons of protected equity loans

Protected equity loans are “flavour of the month” – but could they leave a bad taste in your mouth?   When you start an investment program, unless you have substantial capital available, you may need to borrow to invest. Borrowing to invest has advantages: you can increase the potential profits on the sale of the...

The pros and cons of protected equity loans2018-02-13T00:05:27+00:00

Reporting rollovers to the tax office

When all or part of a member’s balance is rolled over to another super fund, the paying fund must report the information to the ATO using a Rollover Benefits Statement (RBS), which can be obtained from the ATO website (www.ato.gov.au). An RBS comprises four sections that include details of the receiving fund, the member, the...

Reporting rollovers to the tax office2018-02-08T14:03:03+00:00

Limited recourse borrowing to invest within an SMSF – how does it work?

In 2007, changes to superannuation legislation allowed self managed super funds (SMSFs) to borrow additional funds to invest in certain assets such as property and shares. To protect the fund’s other assets in case of loan default, however, restrictions were placed on the borrowing arrangements permitted within an SMSF. SMSFs can only borrow additional investment...

Limited recourse borrowing to invest within an SMSF – how does it work?2018-02-13T00:04:07+00:00

Collectables in an SMSF

One of the reasons that people set up a Self-Managed Superannuation Fund (SMSF) is to invest in the asset class known as ‘collectables’. As at March 2011, $592 million in SMSF assets were invested in artwork, collectables, metal, and jewels, according the quarterly statistical report issued by the Australian Taxation Office. Collectables include: artwork; jewellery;...

Collectables in an SMSF2018-02-13T00:04:05+00:00

Investing in an SMSF: When it seems too good to be true…….

Self managed super funds (SMSFs) are designed to be … well, self-managed. Because their structure enables investors to take more control of their retirement savings, SMSFs are increasing in popularity. The trustees of an SMSF are responsible for, among other things, the fund’s investment strategy and the regular review of that strategy. But occasionally, unwary...

Investing in an SMSF: When it seems too good to be true…….2018-02-13T00:03:30+00:00