Recent content by astr0

Sorry mate, missed that important point ;)

Just be aware there are a few pitfalls by having your Income Protection through super. Firstly, super law restricts the amount of Income Protection benefits that can be paid from a super fund. Where your income protection cover exceeds the amount of your actual pre-disability earnings, the...

Purchasing a property through SMSF and occupying it ain't a good idea, unless it's business real property. Probably need more details to make a better determination

Since I have just dropped a deposit on a new house I recently took out the insurances. Death: $1.8M TPD: $1.3M Trauma: $160K IP: $75% salary (30 day wait, age 65) Level premiums. For anyone who relies on their income to fund their lifestyle insurance is a must. I don't want to go...

13 months actually ;)

You might be breaking a few Sole Purpose Tests by occupying the property held through your SMSF. Which would equate to 46.5% tax on your super and contributions.

Government's these days are moving towards a model where they promote self-funding retirements, rather than people relying on government handouts to fund their retirements. This is evident in the increase in the SGC to 12%. Therefore whilst there is legislative risk, this applies to all...

You're kidding right? All investment classes carry risks, and property is no different. There are many horror stories from the property market too. Do your own research but based on today's prices I would be more comfortable investing in the share market if I had to choose between shares and...

On a different note make sure you comply with the Central Management and Control (CMC) test for your SMSF should all members / trustees be heading overseas for more than 2 years. You may need to appointment a Power of Attorney (who is based in Australia) to make the key strategic decisions of...