-
2 months ago | 
firstlinks.com.au | James Gruber |Ron Bird |Joachim Klement |Meg Heffron
Reader: "I subscribe to two newsletters. This is my first read of the week. Thank you. Excellent and please keep up the good work!"Noel Whittaker, author and financial adviser: "A fabulous weekly newsletter that is packed full of independent financial advice."Reader: " Finding a truly independent and interesting read has been magical for me.
-
Dec 18, 2024 | 
afr.com | Meg Heffron
OpinionThinking about a multi-generational self-managed superannuation fund? They can be great, but it’s not a decision to make lightly. Meg HeffronContributorDec 19, 2024 – 5.00am or Subscribe to save articleEmailLinkedInTwitterFacebookSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe. Subscribe nowAlready a subscriber?
-
Dec 10, 2024 | 
firstlinks.com.au | James Gruber |Meg Heffron |Noel Whittaker |David Knox
Scott Pape, author of The Barefoot Investor: "I'm an avid reader of Cuffelinks. Thanks for the wonderful resource you have here, it really is first class."Reader: "I subscribe to two newsletters. This is my first read of the week. Thank you. Excellent and please keep up the good work!"Don Stammer, leading Australian economist: "Congratulations to all associated.
-
Dec 10, 2024 | 
firstlinks.com.au | Graham Hand |James Gruber |Meg Heffron |Noel Whittaker
Scott Pape, author of The Barefoot Investor: "I'm an avid reader of Cuffelinks. Thanks for the wonderful resource you have here, it really is first class."Reader: "I subscribe to two newsletters. This is my first read of the week. Thank you. Excellent and please keep up the good work!"Don Stammer, leading Australian economist: "Congratulations to all associated.
-
Dec 10, 2024 | 
firstlinks.com.au | John Abernethy |James Gruber |Meg Heffron |Noel Whittaker
Scott Pape, author of The Barefoot Investor: "I'm an avid reader of Cuffelinks. Thanks for the wonderful resource you have here, it really is first class."Reader: "I subscribe to two newsletters. This is my first read of the week. Thank you. Excellent and please keep up the good work!"Don Stammer, leading Australian economist: "Congratulations to all associated.
-
Nov 27, 2024 | 
afr.com | Meg Heffron
Much is written about SMSFs borrowing to invest using a special structure known as a limited recourse borrowing arrangement (LRBA). But what about SMSF trustees who would like to lend money to someone else and earn interest on the investment? Loading...
-
Nov 22, 2024 | 
smsfadviser.com | Meg Heffron |Keeli Cambourne
Most SMSFs pay tax (or receive a refund) once a year when they lodge their annual return. But some people are charged extra tax in connection with their super that they’re allowed to pay from their SMSF. It’s important to manage this process carefully to avoid landing in hot water.
Have you ever been charged “Division 293 tax”? This is an extra tax high income earners (people earning more than $250,000 pa) pay on any “concessional contributions” made to super for them.
-
Oct 23, 2024 | 
afr.com | Meg Heffron
Plenty of superannuation savers, commentators and politicians have been anxiously watching the progress of legislation to introduce the federal government’s big new tax on those with more than $3 million in super. It’s getting scarily close to the intended commencement date, July 1, 2025, but the bill has yet to make it through parliament. It is due to be debated in mid-November but what happens is anyone’s guess. Loading...
-
Oct 4, 2024 | 
fssuper.com.au | Meg Heffron
Powers of attorney have specific uses when it comes to SMSFs - so much so that my usual mantra is that if you've got an SMSF you probably should also strongly consider an enduring power of attorney.
Conceptually, a power of attorney (POA) is probably reasonably well understood. It's a document that allows one person (the Attorney) to make certain decisions for someone else (the Principal). This goes beyond just informal help or becoming a signatory on someone's bank account and paying their bills.
-
Sep 25, 2024 | 
afr.com | Meg Heffron
For most of us, that will never have any direct benefit. Few people draw on their own super before age 60 and by the time we get to that ripe old age, any benefits we take from our super are tax-free anyway, no matter what the tax components might be. Eye-watering impactBut the tax components do matter to people who inherit super from someone else. For example, an adult, financially independent child who inherits their parent’s super pays tax on the taxable component of any inheritance.
