Profile Blog

On behalf of all our staff we wish our clients a Merry Christmas, Happy New Year and a great holiday period.

Come back each day for an inspirational quote or poem about Christmas, summer and life in general from some of the great writers and poets.

(Please click on the image to open the Advent Calendar and then click on a date)

 

The Retirement Income Review questioned if consumers understand the end purpose of the retirement system and if more needs to be done to make it clearer.

The Retirement Income Review (RIR) has questioned whether the purpose and objective of the retirement income system is well understood by the Australian populace and is seeking evidence as to the level of understanding across the wider community.
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There are few things in today’s world as certain as this. Ask anyone how they are and the answer you’re likely to get is “I’m good. Busy. How are you?”

The internet is filled with articles about ’10 ways to feel less busy’ or ‘why you feel busy all the time’. This is not one of them.
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The ATO wants to ensure that, when an SMSF has a significant majority of its investments in a single asset class, the trustees have considered, as part of the investment strategy, the risks which could arise from that limited diversification.

Through the course of this article, we will consider the ATO requirements of SMSF trustees, and the auditor of the fund, regarding the issue of diversification of fund investments.
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