LRBAs and pensions: A risky balance

Since the introduction of the ability of SMSFs to borrow in order to purchase assets as part of a limited recourse borrowing arrangement (LRBA) under section 67A of the Superannuation Industry (Supervision) Act 1993, we have seen a proliferation of new SMSFs specifically to purchase residential investment properties. Whether these investments have been made rightly…

SMSF

2016/17 Budget – Key changes to Superannuation

As was anticipated, the federal budget contained various measures which impact those looking to save for their retirement through superannuation. Some of the key changes include: Fixing the concessional contributions cap to $25,000 a year for all individuals regardless of age Reducing non-concessional contributions cap from $180,000 per year to a lifetime cap of $500,000 Removing the work test…

SMSF