Author Archives: Financial Planning Expert

Government announces changes to superannuation

Last Friday Treasurer Wayne Swan and Minister Bill Shorten announced a range of changes to superannuation aimed at making super fairer for all Australians. Here are the key reforms: 1. Tax to apply on superannuation assets supporting income streams for high net worth individuals

Posted in Superannuation | Comments closed

Why you must have an Enduring Power of Attorney for your SMSF

Around 7 out of 10 SMSFs have individual trustees, the majority with 2 spouses acting as joint trustees (e.g. husband and wife). Under these circumstances, you must have an Enduring Power of Attorney (EPoA) in place. The likelihood of one (or both) trustees losing capacity before death is high and without an EPoA, the consequences […]

Posted in Self-Managed Super Funds | Comments closed

Investing in a Defence Housing property; the pros and cons

Defence Housing Australia (DHA) is a government-backed scheme providing housing to members of the Defence Force and their families. Investors purchase a property from DHA and then lease it back to DHA. Lease terms range from 3-6 years or 9-12 years. Like any property investment, there are pros and cons with the DHA scheme. Without […]

Posted in Investment Property | Comments closed

Using dividend imputation to boost your SMSF returns

You’ve probably heard the terms franking credit, imputation credit and franked dividend before. These terms all relate to the dividend imputation system associated with investing in Australian shares. In simple terms, before a company distributes a dividend to shareholders, it will have often (but not always) paid company tax of 30% on the payment already. […]

Posted in Self-Managed Super Funds | Comments closed

How to apply fund-capped contribution limits to your SMSF

The ATO recently provided clarification around its position on fund-capped contribution limits for superannuation funds (ATO ID 2012/79, sub regulation 7.04). The limits only come into play where: 1) A person under age 65 contributes more than $450,000 in a single contribution to a super fund, or 2) A person aged 65 or older contributes […]

Posted in Self-Managed Super Funds | Comments closed

Shares or property; which is better for your SMSF?

Since the rules were changed to allow super funds to borrow money, there has been enormous interest in purchasing property in self-managed super funds (SMSFs). The interest is of course being fuelled by the Australian love affair with property and the popularity of SMSFs generally, but also by various spruikers who claim buying property in […]

Posted in Investment Property, Self-Managed Super Funds, Share Market | Comments closed

NRAS properties – good or bad for investors?

houses in a row

The National Rental Affordability Scheme (NRAS) was introduced by the Australian Government in 2008 and in partnership with the states and territories, aims to provide homes and apartments to increase the supply of affordable housing for low to moderate income earners. The NRAS scheme is not housing commission or social housing; it is a Federal […]

Posted in News Blog, NRAS | Comments closed

The value of comprehensive financial advice

There are two ways you can go when seeking financial advice; get comprehensive advice or limited advice. Distinguishing between the two is straight-forward. Comprehensive advice is advice for all aspects of your financial position. Limited advice is where the scope of advice is restricted to predetermined areas of your financial position, such as superannuation, insurance, […]

Posted in Financial Advice, News Blog | Comments closed
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  • About Financial Planning Expert

    Financial Planning Expert is an independent financial planning business based in Melbourne. We provide genuinely independent and conflict free financial advice. We’re experts in self-managed superannuation fund (SMSFs) advice and strategy, retirement planning, property and share investment advice, life and income protection insurance, tax planning, asset protection, estate planning and advice for Australian expatriates.