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The 2 Ways To Pass Assets To Beneficiaries
The 2 Ways To Pass Assets To Beneficiaries
There are two ways to pass assets on to beneficiaries: Lawyers call this the "I love you” way, where you pass assets directly to the person - so someone dies and it goes straight to that person under the will (I don't know why they call it that).
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Why You Should Setup A Slush Fund
Why You Should Setup A Slush Fund
This is a philosophy that is shared with a lot of different people who speak and write about this topic. The guy I initially listened to on this topic was a guy called Dave Ramsey, and he wrote a book called "Total Money Makeover". But if you’ve...
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Can You Only Withdraw Profit From SMSF After You Turn 60?
Can You Only Withdraw Profit From SMSF After You Turn 60?
If you're a member, drawing a pension is only possible where you've met preservation age. Now there are so many rules around this, but preservation age depends on when you were born.
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Use Your SMSF To Become and Angel Investor
Use Your SMSF To Become and Angel Investor
Investing in private companies - there's a few different layers here. Let's put our ‘angel investor’ hat on. Let's say we're the sharks off ‘Shark Tank’ and we've got people asking to invest in their business for 5, 10, or 20% holdings. You can...
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Buying Commercial Or Residential Property In Super?
Buying Commercial Or Residential Property In Super?
The ones you can do is you can buy an established property.
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Can You Access Part Of Your Super for Short Term Business Cashflow?
Can You Access Part Of Your Super for Short Term Business Cashflow?
The answer to that is: Yes.
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How to Save $5,500 A Year With One Simple Change
How to Save $5,500 A Year With One Simple Change
I'm going to just explain a bit of a personal story about this - it was a couple of grand a year we saved by not spending so much on coffees.
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The Rules For Lending Money With Your SMSF
The Rules For Lending Money With Your SMSF
The general rule is that you can actually loan money with your SMSF. This means a loan to another person is considered an investment. What you need to do is make sure you're charging an appropriate interest rate, appropriate term and the appropriate...
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Why You Should Never Set Up An SMSF Without A Corporate Trustee
Why You Should Never Set Up An SMSF Without A Corporate Trustee
We will never, ever, ever, ever, ever set up a self-managed super fund without a corporate trustee.
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What You Need To Realise Before Setting Up An SMSF
What You Need To Realise Before Setting Up An SMSF
A bit of a warning to people who are considering setting up an SMSF. The “SM” in “SMSF” stands for “self-managed”. So you actually have to be actively engaged in making decisions about what you invest in, about doing the documentation and the...
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