November, 2014 - PJS Accountants

The Tax Office is running a series of webinars about Self Management Super Funds. The best part is IT’S FREE and there are numerous times available right up to mid December. Whether your interested in establishing your own SMSF or you currently have one and want to find out more information these webinars are a good place to start.

To assist trustees, the ATO has set up these webinars to assist you in your compliance with these rules and regulations covering the following:

Overview of SMSFs for trustees
SMSFs – accepting contributions and managed investments
Accessing your super

Each webinar runs for approximately 1 hour and each topic covers:

Overview of SMSF for trustees

There are plenty of people pushing SMSF as a vehicle to for various investment schemes. This is an ideal webinar for those of you wanting to explore the option of Setting Up a fund further or for people that currently have a fund and want to know more about their responsibilities as a trustee of a SMSF.

SMSFs – accepting contributions and managed investments

Now that you have set up your SMSF and have an investment plan what is the next step and how do you get your money into your SMSF, whether that be by making contributions or rolling over your funds from a Retail Fund and managing your investments.

Accessing your super

What’s the point of contributing to super if you cannot access your funds? This webinar focuses on the rules that you need to know about when you can access your super, whether that be via an income stream, lump sum withdrawal or “transitioning to retirement” and the tax implications with each of these methods.

How do you register?

Registration is easy, follow the link below to the ATO website to view available webinar times and dates.

If you would like more information about your specific Fund or interested in establishing a Super Managed Super Fund, please contact PJS Accountants today on 07 3390 3177 or Contact Us online by following the link.

Purchasing Property within an SMSF. Top Mistakes to Avoid!

There are plenty of spruikers out there at the moment targeting SMSFs for various investment schemes that may seem too good to be true.

The old saying “if it’s too good to be true, then it probably is” applies here just as importantly as anywhere else.

The team, at PJS Accountants all too often deal with the after effects of these decisions that have been made.

Ensuring that you get the right advice before committing your super savings to any investment opportunity, will ensure:

You understand your compliance requirements.
You understand what type of property can be purchased using a SMSF.
Ensuring the super funds capacity to maintain ongoing compliance costs.
The correct structure is set up from the establishment of the fund.
Ensuring that the investments are aligned with the funds Investment Strategy.
Contracts for the property purchases are in the correct name.

Download the November Newsletter here

If you need help with your SMSF, have any questions or want additional information please call PJS Accountants today on (07) 33903177 or Click Here to contact us.