Blog

March 31, 2016

What to do with the family home when entering aged care?

This is a crucial question for those people about to enter residential aged care, especially in light of the change to the treatment of the rental income for new aged care residents after 1 January 2016. With the median price of homes in Sydney now around the $1 million mark, many people looking to enter aged care will be faced with a difficult choice on what to do with the family home. Many of these homes were built over 50 years ago, and are in varying states of repair. Often they are still occupied by the original owner/s and based […]
July 2, 2015

A New (Financial) Year’s Resolution For Your SMSF

One of the most fundamental provisions in superannuation law, the in-house asset rule, is also one of the easiest for SMSF trustees to unintentionally breach. Under the in-house asset rule, SMSFs are generally prohibited from making loans, providing leases or having investments with related parties and entities that exceed five per cent of a fund’s total asset value. The few exceptions to the in-house asset rule include business real estate. Significantly, SMSF trustees are prohibited from providing any loans or financial assistance to members or their relatives – even if the transaction does not result in exceeding the 5 per […]
June 24, 2015

Saving Meets Investing

The baby boomer generation are often enviously described as the ‘lucky generation’. Certainly that demographic cohort born after the end of World War II and before 1960 enjoyed a very different economic and social backdrop to their parents and grandparents and that went a long way to changing attitudes to housing, money and retirement. When it comes to wealth factors the sustained growth in residential property prices in Australia have benefited baby boomers in a significant and material way. The intergenerational impact of that is increasingly a subject of national debate about whether property prices – at least in Sydney […]