Property development in an SMSF: direct ownership In the previous article on property development in an SMSF, we covered the main things that should be considered no matter what type of structure is used for the property development. This week we will look at a fund that has been instructed to purchase a property and owns it directly. When a decision is made for an SMSF to purchase or acquire a property, who the property …
Family matters: Becoming a parent You often hear new parents say that having a baby is an amazing, life changing experience. Nothing is ever the same again! At a time when every aspect of your life is changing, the last thing you want to think about is money. But while there may not be ways to reduce the financial commitments, there are things you can do to plan and manage them more effectively. Common questions …
Family matters: Educating the kids A good education is one of the best gifts you can give your child, but although it doesn’t have to, it can cost a lot of money. A little research and planning now could save you some financial worries in the long run. The earlier you start to save the better. Common questions to consider Some questions you may wish to consider include: How much will my children’s education cost? …
Family matters: Getting married Getting married is an exciting time in life but it can also be a time of significant financial change. Common questions to consider Some questions you may wish to consider include: How do we set a budget for our dream wedding? What are the joint financial decisions we should be thinking about now we are getting married? Do we need a Will when we are married? What types of insurance do …
Inheritance or unexpected windfall What to do with some unexpected extra money? Although windfalls may be unexpected, if and when they happen, how do you make sure you make the most of them? And, when it comes to inheritance, how do you know if there are any special obligations or considerations that apply? Common questions to consider Some questions you may wish to consider include: What are my options? Do I have to pay …
