The rules governing gifts from SMSFs

There are now almost 600,0001 Self-Managed Superannuation Funds (SMSFs) in Australia where the members of the fund are also the trustees. These trustees are responsible for running the fund according to the superannuation rules. If they get it wrong, the consequences can be dire. Each year, SMSFs lose their concessional tax allowance because the trustees recklessly or persistently ignore the rules. The superannuation rules aim to ensure that superannuation is for your retirement and is not used...

Read More

Busy but broke: why don’t I have any money?

By Flying Solo contributor, By Kelly Exeter So you’re completely flat out yet have cash flow problems and never seem to have money in the bank. Where are you going wrong? Kelly Exeter has a few ideas (from experience). Seven years ago my graphic and web design business was growing at a mad rate. My three staff and I were all ‘head down, bum up’ from the time we entered the office right up to when we left each day and I was also working stupidly long hours on weekends to keep up. Yet we...

Read More

6 smart ways to build savings

The word “thrifty” is rarely thought of in a positive sense but that’s not fair because if we continually spend more than we earn, our debts will eventually catch up and other words such as “default” or “bankrupt” might become more familiar. Being thrifty doesn’t mean doing without – quite the opposite. Here are six simple tips to build up your savings.   Create a budget and stick to it Before you can get your spending under control you need to know exactly how your...

Read More

Stress : The health epidemic of the 21st century

Do you feel like ‘stressed’ is your new normal state of being? Can you remember the last time you went to bed without a care in your mind and woke up the next morning energized and excited for the day? Our modern lives, though full of opportunity, have us anxious, stressed and exhausted, and it’s almost at the point where if you’re not constantly stressed about work, finances or relationships, you might just stress about not being stressed enough!   While a stress response is a normal...

Read More

Blog Archives

Take the first step and contact us today for a confidential chat about your financial situation

Contact us...