Media has been predicting some drastic measures to be introduced in the budget on 12th May 2009 affecting super contributions and pensions from superannuation including self managed super funds.

Many are worried that they will not be able to access the current rules after the budget night. Some of the proposals which are being predicted are:

• Over 50 year old may be allowed to contribute a maximum of $50K instead of current $100K up to year 2012 at concessional tax rate of 15% and under 50 Year old may be allowed to contribute a maximum of 25K instead of current $50K (Solution : Contribute the balance for the year on Monday)
• Preservation age for Transition to retirement will be moved to 60 instead of current 55 (Solution: Commence a pension before the budget night)

Before the budget night, you will be able to order the following from our website www.trustdeed.com.au 24/7 and our help line are open to answer all your queries  on 02 9684 4199 and after hours on 0411 56 46 26

You Can ..

• Set up New SMSF Trust Deed Click here for more information
• Update your SMSF Click here for more information
• Set up your Transition to retirement pensions Click here for more information

 
The following information has been released by The Hon Wayne Swan MP, Treasurer:

Transcript of interview with Laurie Oakes
On Paid Parental Leave; Single Mother's Pension; Revenue Write-Downs; Private Health Insurance; Opposition Deficit & Debt Con; Tax Cuts; Infrastructure Spend,  click to read further.
 

 

Australian Taxation &
Management Accountants

ATMA SEMINAR
INSTALMENT WARRANTS

 

7 reasons why SMSF should BORROW to acquire investments: Seminar 19th May in Burwood Sydney - we bring you a SMSF specialist Advisor & Auditor 
 

In September 2007 the SIS Act was amended allowing Super Funds, including self managed, to borrow to acquire investments. Since then, many funds have taken advantage of this provision, however, trustees of SMSF have to follow strict requirements and ensure compliance to various structure issues, so that ATO and the fund's auditor is comfortable with the borrowing strategy.
 
If you want to help your client's to avail of this powerful investment leveraging tool within their SMSF you must not miss this 1 ½ hour information packed seminar which will  equip you with all your legal compliance needs . 

 
When  

May 19, 2009 6:00 PM - 9:00 PM

Where

Coronation Club Burwood
86 Burwood Road,
Burwood, New South Wales 2134

 

 

1. Understanding the exception under the new SMSF borrowing rules  the step-by-step borrowing process.

 

2. Explanation of documents required: investment strategy; security trust deed; necessary resolutions to support the process; setting up the custodian trustee company etc

 

3. What are the main stamp duty & capital gain tax issues associated with Instalment warrants?

 

6. Handling the conveyance of the custodian trust property.
 
 

 
 

 

SMSF Specialist Advisor

SMSF Specialist Auditor

Manoj has worked in SMSF industry for the past 19 years as a tax agent, accountant and Auditor. Currently he audits Self managed super funds and consults as SMSF Specialist Advisor to other accountants.
 
He has helped over 1000 trustees to set up their own funds and currently audits more than 400 funds each year for various accounting firms which puts him in the top 54 SMSF Auditors (as per ATO) in Australia.
 
He develops SMSF strategies and advises trustees & practicing accountants on complex SMSF matters. He has helped 46 accountants / trustees of SMSF to borrow in which he experienced the requirements & expectations of various lenders.

http://www.propertyupdate.com.au/articles/454/1/Will-property-survive-the-unemployment-crisis/Page1.html

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