Collectables and personal-use assets include assets such as artwork, jewellery, antiques, vehicles, boats and wine. If your SMSF acquired any of these assets before 1 July 2011 you have until 1 July 2016 to meet the new rules, which include: the asset is not being […]
Whenever there is a discussion on Self-Managed Super nowadays, at some point the topic of cost will work its way into the conversation. Should I setup a SMSF – what will it cost compared to a public fund, how much will it cost to setup, […]
Earlier this year, the Government began moves to ban off-market transfers of assets to self-managed superannuation funds (SMSFs) from related parties. A related party of your SMSF broadly includes any other member of the SMSF, an employer that contributes to the fund by agreement (“standard […]
If the Australian Taxation Office’s do-it-yourself super fund investment statistics are anything to go by, DIY fund investing in art and collectables has fallen away sharply over the past year. Although how much support they have attracted will not be officially confirmed until DIY […]
SMSF trustees now have access to insurance cover specifically designed for personal use assets. Self-managed superannuation fund (SMSF) insurance specialist Self Super Insurance has launched insurance cover for artwork and collectables to meet the needs of individuals who manage their own retirement savings. The Self […]
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