Managing your Money
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Managing your Money
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What the rise of the $A means for global investors

What the rise of the $A means for global investors | Managing your Money | Scoop.it
The rise of the Australian dollar has been surprising but not confounding for experts who believe its natural level is closer to US70 cents. In a short video, Dr Shane Oliver shares the drivers for the strong $A at the start of year, and if he believes this strength will continue.
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Making sure my money lasts as long as I do

Making sure my money lasts as long as I do | Managing your Money | Scoop.it
Everyone wants to feel confident their retirement savings will be enough to support them throughout their entire lives. While the right amount will be different for everyone, there are lots of tips and tools to determine the right amount to retire on.
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Cryptocurrency considerations for SMSFs

Cryptocurrency considerations for SMSFs | Managing your Money | Scoop.it
There’s been plenty of noise lately about the meteoric rise in value of the digital currency Bitcoin. But how should SMSFs think about them from an asset allocation perspective?
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Three crucial mistakes about life expectancy

Three crucial mistakes about life expectancy | Managing your Money | Scoop.it
Life expectancy is an important subject, because if you're going to make your assets last a lifetime, you need to make some estimate about how long that lifetime may be. This article explores 3 drivers to understanding life expectancy.
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Research shows trustee gender bias can impact SMSF returns

Research shows trustee gender bias can impact SMSF returns | Managing your Money | Scoop.it
Peter Burgess, general manager, technical services and education, SuperConcepts, says it is important for SMSF trustees to be aware of the findings and consider them when making decisions about how to allocate their fund’s assets.
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Defined benefit pensions: new super rules change the game

Defined benefit pensions: new super rules change the game | Managing your Money | Scoop.it
Einfeld says there are very few people with total super balances of more than $1.6 million and a defined benefit pension in their SMSF.
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Investing for Income: Five drivers for finding income in today’s economy

Investing for Income: Five drivers for finding income in today’s economy | Managing your Money | Scoop.it
Undertaking substantial research based on extensive analysis is key to identifying assets in this category.
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SMSF Suite - Spicing up two main investment principles

SMSF Suite - Spicing up two main investment principles | Managing your Money | Scoop.it
The Australian bush ballad, ‘Said Hanrahan’, is more than a great tale. It should be upgraded to a new status as investment parable.
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SMSF Suite - How to prepare your annual audit

SMSF Suite - How to prepare your annual audit | Managing your Money | Scoop.it
It’s a legal requirement to have the fund’s financial accounts audited every year, even if no contribution has been made to the fund during the period.
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Intergenerational SMSFs: the pros & cons

Intergenerational SMSFs: the pros & cons | Managing your Money | Scoop.it
While spouses are typically the members of a self-managed super fund (SMSF), it’s also possible to include other family members, for instance children.
Trumans's insight:

If you need assistance, please speak with one of our specialist advisers http://www.trumans.com.au

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The benefits of running your own super fund

The benefits of running your own super fund | Managing your Money | Scoop.it
There’s been a lot of talk about the upcoming super changes, whether you can make non-concessional contributions, moving super between accumulation and retirement phases, and resetting the CGT cost base of the fund’s investments.
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Consider seeking advice to ensure your SMSF complies. Speak with Trumans SMSF Specialists

Consider seeking advice to ensure your SMSF complies. Speak with Trumans SMSF Specialists | Managing your Money | Scoop.it
There’s so much happening in the superannuation sector at the moment it can be hard for SMSF investors to know when they need advice and which aspects of the fund they can manage themselves.
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Is the super withdrawal and re-contribution strategy over?

Is the super withdrawal and re-contribution strategy over? | Managing your Money | Scoop.it
The advantages of using re-contributions to minimise taxable components within super will dry up after 1 July 2017, but those in a position to make the most of it now, should consider seeking advice and doing so.
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Early CGT exemption when building or replacing a home

Early CGT exemption when building or replacing a home | Managing your Money | Scoop.it
Early CGT exemption when building or replacing a home. Treat vacant land as a “main residence”, even though there is no physical dwelling on that land.
Trumans's insight:

If you need advice or help with your tax situation, please don't hesitate to contact us http://www.trumans.com.au

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What does the compulsory cashing rule mean for your succession planning?

What does the compulsory cashing rule mean for your succession planning? | Managing your Money | Scoop.it
As part of the recent super changes, the compulsory cashing rule changed how death benefits should be paid - a rule that trustees need to be aware of when succession planning.
Trumans's insight:

If you need help with your SMSF, call us at Trumans and have one of our specialist advisers assist you. www.trumans.com.au

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Events based reporting: What does it mean for SMSF trustees?

Events based reporting: What does it mean for SMSF trustees? | Managing your Money | Scoop.it
Events based reporting: What does it mean for SMSF trustees? Exactly what needs to be reported, by which funds, and how timely does it have to be?
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ATO’s top 10 tips for rental property owners common tax mistakes

ATO’s top 10 tips for rental property owners common tax mistakes | Managing your Money | Scoop.it
ATO’s top 10 tips for rental property owners common tax mistakes
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Have you appointed an enduring power of attorney?

Have you appointed an enduring power of attorney? | Managing your Money | Scoop.it
Whomever you choose, it is essential they fully understand their responsibilities as a trustee of an SMSF.
Trumans's insight:

If you need help with anything related to your SMSF, please feel free to contact our specialist SMSF advisers www.trumans.com.au

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SMSF Suite - Could the ‘SMSF trade’ be coming to an end?

SMSF Suite - Could the ‘SMSF trade’ be coming to an end? | Managing your Money | Scoop.it
Owning these shares has not only been an inexpensive strategy for self directed investors, it has also been lucrative.
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Estate planning and SMSFs part 1: when and how to plan

Estate planning and SMSFs part 1: when and how to plan | Managing your Money | Scoop.it
An SMSF member’s retirement and pension commencement is often an opportunity to review estate planning around the fund.
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Is bitcoin an investible asset?

Moves by the Japanese government to recognise the bitcoin as an investment-grade asset, and high turnover in bitcoin trading in China, have turned investors’ attentions towards the crypto currency.
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Getting asset valuations right for SMSFs

Getting asset valuations right for SMSFs | Managing your Money | Scoop.it
The value of some of the fund’s investments may be easy to obtain, such as listed company shares and bank account balances.
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SMSF record keeping: Do you know the rules - and penalties?

SMSF record keeping: Do you know the rules - and penalties? | Managing your Money | Scoop.it
So, you have an SMSF which you’ve (helped) run for maybe one, five or ten years, or even longer. The paperwork and records generated over that time can be huge. You know that the SMSF must keep records under superannuation law and income tax law, but the questions are where do you store them and how long must you keep them?
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Are we headed for more normal economic conditions? Part 1

Are we headed for more normal economic conditions? Part 1 | Managing your Money | Scoop.it
Despite near-term risks, AMP Capital continues to expect 2017 to be a year of “reflation contagion”. This is good news for investors.
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New regulations may make SMSFs dearer but better run

New regulations may make SMSFs dearer but better run | Managing your Money | Scoop.it
A self-managed super fund expert says the upcoming removal of a rule that allows accountants to provide certain simple advice to self-managed super fund (SMSF) investors may make running a fund more costly.
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