Library

In our library, you will find the latest financial news, valuable insights and ideas, tips and tricks we've learnt over the years and other helpful educational pieces.

SMSF advisory

Tax and super planning for end of financial year

26 April 2018
With 30 June 2018 rapidly approaching, now is the time to review your financial position and consider any tax or super strategies that could boost your retirement savings, maximise Government entitlements, avoid potential penalties and ultimately, reduce your tax payable.

Understanding downsizer contributions

10 April 2018
In the May 2017 Federal Budget announcement, new legislation was introduced whereby those aged 65 and over will be able to contribute an additional $300,000 into their superannuation upon the sale of their primary residence. These payments are referred to as ‘downsizer’ contributions...

Understanding the First Home Super Saver Scheme

10 April 2018
With housing affordability becoming increasingly challenging, many first home buyers are trying to best manage their path to the goal of owning property. To assist with these efforts, starting on 1 July 2017 a new initiative was introduced for Australians looking at getting themselves into the property market.

Making sure control of your SMSF falls into the right hands

1 February 2018
By Andrew Albury
There are a number of important elements that, when planned, implemented and reviewed correctly and regularly, work together to make a self-managed superannuation fund (SMSF) operate successfully. One of the most critical, and often overlooked, of these, is succession planning.

Don’t forget about Small Business CGT Concessions

10 October 2017
We’re now a few months into the 2017-18 financial year and the much-discussed superannuation reforms have now been implemented, the most significant of which is the $1.6 million cap on all new and existing pension accounts. However, something we thought it worth touching on which may have been overlooked in the midst of all the changes is the use of Small Business CGT Concessions.

MGD Director shortlisted for prestigious SMSF Award

25 August 2017
MGD Director Andrew Albury has been shortlisted as one of nine finalists in the SMSF Adviser of the Year category of the Queensland 2017 SMSF and Accounting Awards. The Awards recognise individuals and businesses that are making their mark in SMSF and accounting advice by championing professionalism, quality advice and innovation...

What happens to SMSFs if members go overseas?

12 July 2017
While living and working abroad can be an attractive option, there are a number of things to take into consideration beforehand. This includes SMSF compliance.

Federal Budget 2017 – Super

9 May 2017
Key points from the Federal Budget 2017 announcement, including the use of LRBAs to be included in a member's total super balance and transfer balance cap from 1 July 2018 ...

Don’t let the super reforms unravel your estate planning

4 April 2017
There is now only 13 weeks left before the Government’s new super reforms kick in. This means, there is only 13 weeks left to rethink your super strategy and make any necessary changes to ensure you get the best financial outcomes and avoid potential penalties. Time is running out.

Superannuation changes: what you need to know

20 January 2017
2017 is going to be a big year for superannuation. As end of financial year nears, we thought it worth outlining what changes you should make note of and what you can do to make sure you’re taking advantage of them before 1 July 2017.

7 ways to kickstart 2017 – and make it your best financial year yet

6 January 2017
By John Barton
If there is one thing 2016 taught us, it is that peace of mind is a valuable thing. We are both excited and hopeful for the year to come and have shared 7 tips to help make 2017 your best financial year yet and to help you achieve peace of mind for the year to come, regardless of what events unfold this year.

What the $1.6 million pension cap means for you

30 November 2016
As part of their controversial suite of proposed changes to superannuation put forward in May, the Coalition announced a cap of $1.6 million on all existing and new pension accounts. Last week, these changes passed through Parliament and are now Law.

$500,000 non-concessional lifetime cap to be scrapped

15 September 2016
In a monumental turnaround, the Federal Government has today made major changes to its superannuation package by dumping highly controversial plans for a $500,000 lifetime cap on non-concessional contributions.

Small win for SMSF trustees sets the scene for further Budget review

22 July 2016
Since the handing down of the Federal Budget in May we have been working closely with a number of SMSF advocacy bodies, including SISFA (of which I am a Director and MGD a founding member) and SMSF Owners’ Alliance, to ensure any proposed changes to SMSF policy translate into level-headed fair regulation.

ATO extends deadline for SMSF borrowing arrangement

14 June 2016
The ATO has announced that it is allowing SMSF trustees additional time to ensure that any limited recourse borrowing arrangements (LRBAs) that their fund has are on terms consistent with an arm’s length dealing, or alternatively are brought to an end. The previously announced 30 June deadline has now been extended to 31 January 2017.

Taxation & superannuation planning for year end 2015-16

20 May 2016
With 30 June 2016 rapidly approaching, now is the time to review your financial position and consider any superannuation and tax-effective strategies that might be appropriate for you.

NCC lifetime cap and you

20 May 2016
From 3 May 2016, the amount of non-concessional contributions (NCCs) that a person can make to super will have a proposed cap of $500,000. What does this mean for you?