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  1. Paul@PFI

    Smsf

    Terry the reality is an accountant CANNOT sign off for the bank advice despite the bank demanding it. The PI insurer would feak if they knew an accountant signed that. When push comes to shove the bank relents and allows the letter to be altered to reflect a financial adviser. STG used to do...
  2. Paul@PFI

    Smsf

    Attached is the rubbish one major bank lender expects a financial planner to sign off on. At the last minute when the settlement docs are issued. Long after a binding decision to acquire has been made they walk in and ask if we can sign off.. 1. Require a financial adviser to give advice in...
  3. Paul@PFI

    Smsf

    Ivan good point. Yes QLD is the haven of property schemes. Its too unregulated. SMSF spruiking is prohibited already but not everone gets the message. ONLY an adviser with an AFSL can advise on a SMSF. If a broker, a RE agent, accountant or a developer mentions "SMSF" ASIC would take offence...
  4. Paul@PFI

    Smsf

    Can you redirect rents to a SMSF ? No. Not really but Yes you can...It depends. Lets start with the taxpayer. Mr & Mrs Average who own the IP. If they have employer SGC contributions its highly likely they CANNOT satisfy the 10% rule and make deductible personal super contributions. The 10%...
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