Tag Archive: smsfsurvivalcenter

Changing Trustees of an SMSF

Max Newnham - 8 Apr 2015

Trustees of SMSFs that were set up more than 10 years ago, that are now well into their 70’s, are realising that when one of them dies a bureaucratic and administration nightmare will be created for the surviving member. Under the SMSF rules there must always be two individuals appointed to act as trustees for an SMSF. There is the…

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Are SMSFs Losing Their Appeal?

Max Newnham - 26 Nov 2014

Research carried out by DEXX&R, an Australian financial services research house, appears to indicate that the dominance of the superannuation retirement income sector by SMSFs will decline over the next 10 years. DEXX&R recently carried out a detailed analysis of superannuation funds with accounts in the drawdown or pension phase. For the first time this research included self managed super…

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MySuper accounts

Max Newnham - 16 Sep 2014

These accounts are offered by both industry and commercial superannuation funds. They are more like deciding to take public transport, such as a bus, rather than owning your own car. They will be very cheap from an administration point of view. They don't have many options or features, you will not be doing any driving and in most cases not…

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