What should those of us working in the area of public relations and communications be aware of when helping to promote financial products for our clients?
ASIC
Good insurance advice helps in your time of need
A good Financial Adviser will devise a strategy that will protect you when you need help.
Costly self-managed super funds? Are they right for me?
It has been a heated month in self-managed super fund (SMSF) land. The Australian Securities and Investment Commission (ASIC) started the ball rolling with a fact sheet that stated SMSF trustees spend on average 100 hours a year managing their SMSFs and that the average cost of running an SMSF is $13,900 per annum.
Jumbo SMSFs and individual trustees
While the Morrison Government is proceeding with its proposal to permit Jumbo SMSFs with 5 or 6 members, will Jumbo SMSFs have to have a company as trustee?
If you can’t answer these questions, you don’t have a financial plan!
Apparently eight out 10 Australians don’t get any formal financial advice. Earlier this year ASIC found that while 44 per cent of Australians said they have a short-term financial plan only 23 per cent said they had a long-term financial plan.
Deregistration of SMSF corporate trustee
Companies in Australia are legal entities – virtual people. They are capable of doing many things in their own right, including acting as the trustee of a self-managed super fund.
Further ASIC guidance for accountants providing SMSF advice
If Homer had told you he wanted to invest in property and asked how he could minimise his taxation obligations, as his tax agent you perhaps could have discussed the benefits of self-managed superannuation to achieve tax minimization.
When is it a viable option to open your own SMSF?
The viability of self-managed superannuation funds has changed, so when does it make sense to have one?