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Meet the Manager: We chat with James Holt from Perpetual

We regularly meet with best of breed fund managers to review, analyse and authenticate their offering with the view to building quality portfolios for our clients. Our meet the manager series is a snapshot of these meetings designed to share interesting insights with our clients. McQueen Financial Group is a corporate authorised representative of Total Financial Solutions Limited. AFSL No. 224 954, ABN 94 003 771 579 This information is of a general nature only and does not take into account your investment objectives, financial situation or particular needs. You should not act on any information in this report without

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2018 Budget Update

Buoyed by a stronger economy, the 2018 Federal Budget promises to deliver income tax relief, more jobs, guaranteed essential services and the government living within its means. So what does this mean for you?   Encouraging tax cuts The centrepiece of the budget is income tax relief. There’s immediate relief for Australians on low to middle incomes, as well as light at the end of the tunnel for higher-income earners. Those earning up to $90,000 will get a tax cut of up to $530 via the introduction of a new, non-refundable Low and Middle Income Tax Offset from 1 July

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Self-Managed Superannuation Funds (SMSFs) and Insurance

Key types of insurance available via super Three types of insurance are usually available within a superfund, including an SMSF. A member can generally purchase the following types of insurance via a super Fund: Life Insurance Total and Permanent Disability (TPD) Insurance; and Income Protection Insurance. There are a number of issues to consider when insuring via the super environment: The sole purpose test A SMSF must be maintained solely for at least one or more core purposes and (optionally) for one or more ancillary purposes. A core purpose is to provide for: member upon retirement a member upon reaching

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Self-Managed Superannuation Funds (SMSFs) and Limited Resourse Borrowing Arrangements

  Since late 2007, a Self-Managed Superannuation Fund (“SMSF” or “Fund”) has been allowed to borrow money for investment purposes following the introduction of an additional exception to the general borrowing prohibition – one that continues to exist under superannuation law. This additional exception to the borrowing prohibition is provided in the form of a limited recourse type of borrowing. In essence, the relevant asset is held on trust to provide limited security for the outstanding loan, but the benefits of the ownership (such as rent or dividends) flow directly to the Fund. If the Fund defaults on the loan,

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Self-Managed Superannuation Funds (SMSFs) & Derivatives

Under super law, derivative means ‘a financial asset or liability the value of which depends on, or is derived from, other assets, liabilities or indices’. A derivatives contract means ‘an option contract or futures contract relating to any right, liability or thing’.  They are an allowable investment for a SMSF, subject to certain conditions. Super law outlines very few restrictions on exactly what type of investments Fund Trustees are able to invest in, however the law as how those assets are structured can be very prescriptive. In the case of a Fund’s investment in derivatives the main issue is the

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About Self-Managed Superannuation Funds

  Overview A Self-Managed Superannuation Fund (“SMSF” or “Fund”) is in simple terms a regulated superannuation fund controlled by you, as trustee, for your retirement. For nearly two decades SMSFs have been the fastest growing sector of superannuation. An SMSF gives its members the ability to invest their superannuation assets directly into a wide variety of assets, which can include: • cash • shares • managed funds • term deposits • private assets (direct residential and commercial properties, art, antiques, collectables, business real property, private companies). SMSF’s also allow members more influence over the way their superannuation is managed, and

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