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Recent Questions & Answers

Setting up SMSFs and timing

Paul Rickard

I am setting up my SMSF shortly, and have a question about timing. One thought is to simply take all the roll over and immediately invest in the portfolio strategy (across asset allocations, combo of ETF, funds, cash).

The other thought is to hold a lot more in cash and then progressively invest in the strategy over next 12 months. The latter would (presumably) give me better choice to invest at the “right” time.

I can see both sides to this – I guess the old advice of “time in the market is better than trying to time the market” is still relevant though.

However, very interested to hear about the right timing strategy to transfer into an SMSF.


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Falling Aussie dollar

Paul Rickard

If I were to invest $A100k in the Platinum International Fund (just as an example) and the Aussie dollar fell 15% tomorrow, would that give me a 15% profit, providing I sold my holding in the fund immediately thereafter – or as an inexperienced investor, am I missing something?


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Capital gains tax paid by beneficiaries

Paul Rickard

I understand the complexities of tax paid by beneficiary dependent on taxable and non taxable components of the fund. But- Are capital gains payable by beneficiaries (adult children) if they sell equities they inherit from a SMSF?

Is there a difference if the SMSF is in pension or accumulation mode?


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SMSF strategies

Paul Rickard

My wife and I have a SMSF and are fully retired. We have sufficient savings that we haven’t had to draw at all from the SMSF. I turn 65 next year and my wife will be 65 in 2016.

We are the only members of our SMSF. Over the next two or three years I expect to access 25% of our SMSF for a house change.

Even though we will be 65, can we retain our SMSF over the next few years without converting it to pension phase?

I realise the tax benefit in changing to pension phase, but prefer to sacrifice this benefit in order to retain lump sum access. From reading the Switzer report, I understand there is a 10% withdrawal limit if in pension phase and this would be too restrictive for us.

I am aware of the annual minimum % withdrawal that must be made after age 65.


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