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COVID-19 – Providing concessions for the LRBA in my SMSF

COVID-19 – Providing concessions for the LRBA in my SMSF

by Guy Wuoti | Fri, Apr, 2020 | SMSF Gold Coast, Borrowing, Property, Tips and traps

The economic impacts of the COVID-19 crisis are causing significant financial distress for many businesses and individuals. If your SMSF has a related party loan and is impacted due to the financial effects of COVID-19, you may be able to provide your LRBA with relief...
COVID-19 – Providing rental relief for the tenant in my SMSF property

COVID-19 – Providing rental relief for the tenant in my SMSF property

by Guy Wuoti | Wed, Apr, 2020 | Property, SMSF Options

The economic impacts of the COVID-19 crisis are causing significant financial distress for many businesses and individuals. If your SMSF has a property and a tenant in financial distress, you may be able to provide your tenant with rental relief under an agreed...
Coronavirus – Early Access to Superannuation

Coronavirus – Early Access to Superannuation

by Guy Wuoti | Mon, Mar, 2020 | Accessing your super, SMSF News, SMSF Options, Trustee

In response to Coronavirus (Covid-19) public emergency that is sweeping across the world, the Australian Government is allowing individuals affected by the virus to access up to $10,000 of their superannuation in 2019-20 and a further $10,000 in 2020-21. While...
Expecting the unexpected – illness, incapacity or death of a member

Expecting the unexpected – illness, incapacity or death of a member

by Guy Wuoti | Thu, Feb, 2020 | SMSF Options

The life cycle of a SMSF, in most cases is based on a long-term plan that may include an unexpected event(s) such as illness, incapacity or death of a member. How do we deal with these events when we have illiquid asset such as a property, if a member died for...
Expecting the unexpected – illness, incapacity or death of a member

Expecting the unexpected – illness, incapacity or death of a member

by Guy Wuoti | Thu, Feb, 2020 | SMSF Options

The life cycle of a SMSF, in most cases is based on a long-term plan that may include an unexpected event(s) such as illness, incapacity or death of a member. How do we deal with these events when we have illiquid asset such as a property, if a member died for...
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