SMSF

Downsize Your Home and Contribute to Super

Written by Kate O'Brien, Director - Edney Ryan Wealth Management

For many Australian retirees selling the family home can be an effective way to release equity to fund retirement. Following legislation passed in December, homeowners aged 65 years or over are able to downsize their family home and invest the surplus into the tax effective environment of superannuation. Key Points The sale of the property must be from 1 July... Read more

By Shane Oliver, Head of Investment Strategy & Chief Economist from Oliver’s Insights, AMP Capital, 9 February 2018 Key points The current pullback in shares has been triggered by worries around US inflation, the Fed and rising bond yields but made worse by an unwinding of bets that volatility would continue to fall. We may have seen the worst, but it’s too early... Read more

Each year we compile current tax rates and key superannuation data in our handy quick reference guide. You can request a hard copy by phoning (02) 9908 9888, email marketing@edneyryan.com.au or view the booklet online here.

Super Changes: Last Chance Before 1 July

Written by Kate O'Brien - Director, Edney Ryan Wealth Management

  Changes to the superannuation rules will come into effect on 1 July 2017. Hopefully you have already received comprehensive financial advice to ensure you are ready for the many changes from July 1, including the significant $1.6 million cap on tax-free superannuation. Here’s some final steps you can take, where appropriate to your individual circumstances, before 30 June to... Read more

Highlights of the Federal Budget 2017

Written by Stephen Ryan, Director - Edney Ryan Chartered Accountants

Each year it is fascinating to observe how the Budget is received. Most commentators subjectively assess the Treasurer’s efforts by how they, or their interest group, is expected to be impacted. But is it possible to assess a budget more objectively? According to the stock market and rating agencies the Treasurer has done a reasonably good job. The ASX is... Read more

Super Changes: A Closer Look

Written by Kate O'Brien, Director - Edney Ryan Wealth Management

Super Changes #1: New Cap on Tax-Free Super From 1 July 2017, the Government will introduce a $1.6 million cap on the total amount of superannuation that can be transferred into a tax-free retirement account. Superannuation Balance Greater than $1.6 million? If you are planning to retire after July 2017 and you have a superannuation balance greater than $1.6 million... Read more

4 Months Until Superannuation Changes Take Effect

Written by Stephen Ryan, Director - Edney Ryan Chartered Accountants

Late last year a number of superannuation changes passed parliament and take effect from 1 July 2017. These changes are likely to significantly impact a number of our clients, particularly; Individuals in Transition-to-Retirement, Retirees with more than $1.6 million in superannuation already, Individuals under 65, with significant assets outside superannuation who have not triggered the 3-year NCC bring-forward rule in... Read more

SMSF’s versus Super Wraps

Written by Kate O'Brien, Financial Adviser - Edney Ryan Wealth Management

The self-managed superannuation fund (SMSF) sector has experienced extraordinary growth over the last 15 years now accounting for almost $600 billion of superannuation, overtaking the retail superannuation sector now worth about $550 billion. Most individuals cite the desire for investment control and reduction of fees as their driver for establishing an SMSF. There is no question that a SMSF offers... Read more

SMSF Trustee Obligation: Meeting SuperStream Standards

Written by Matthew Stewart, Director - Edney Ryan Chartered Accountant

If you have an SMSF, and you are an employee, you have an obligation to meet the SuperStream requirements for standards of contributions to your fund. As such you are required to provide your employer with the following information:  Your SMSF’s Australian Business Number (ABN)  Your SMSF’s bank BSB and account number for receipt of contribution payments  An electronic service... Read more

Pre-Retirement Plan: 5 Years to Go and Counting

Written by Brendon Vade, Financial Planner - Edney Ryan Wealth Management

The final step to retirement is one of the most anticipated life events. For many people though, there is some apprehension, particularly when it comes to money. To ease your concerns about post-retirement finances we urge you to talk to your financial planner at least 5 years before you expect to retire. With their help you can assess your current... Read more