Our advisers and experts love to answer questions on anything to do with superannuation, SMSF compliance, tax, markets and investment strategy.

Latest Q&A With Our Experts

Nathan Bell Answered by Nathan Bell 5d ago

Cash and the InvestSMART Ethical Fund

Hi, a question for Nathan re the InvestSMART Ethical Share Fund. With the initial raising and the sudden appearance of cash in the fund I see a tension between the need to get on and invest 70%+ of the funds (ie hold 30% of total or less in cash), vs need to be patient and wait for opportunities. Is this an issue and how do you manage that, or am I overthinking it? Thanks

James Carlisle Answered by James Carlisle 3wks ago

Any commentary on the Buffett annual letter?

Have I have missed your usual commentary on Buffet's Annual Letter to Shareholders ? You usually provide some thoughts on his letter, but I didn't see anything this year.

Mickey Mordech Answered by Mickey Mordech 4wks ago

Do you know of any good resources for a new investor?

Good Evening, I have been investing for about 10 years however I feel like there are some knowledge gaps since I don’t have tertiary education in finance or market analysis. Are you able to give some advice/recommendations on reading materials or uni courses that could be beneficial ? Thanks in advance, Sash

Tony Kaye Answered by Tony Kaye 1mth ago

Comparing savings accounts

My wife and I are trustees of our SMSF. We have been advised to arrange to change to corporate trustee which will "simplify" things when one of us dies. We have substantial cash in banks, mainly in online savings earning 2.7%pa at call. It appears that with a corporate trustee our SMSF becomes a "business" and all business savings accounts offer even more paltry interest, less than half. Do you know of any banks' savings accounts that offer the same rate for business accounts as personal?

Max Newnham Answered by Max Newnham 1mth ago

Rolling over superannuation

I am 64 years of age and in retirement. Currently I have 50% of my superannuation in Q SUPER (a government run super) and 50% in SMSF. Can I take money from my Q SUPER account and roll it over to my SMSF without penalty or having to pay tax? Both funds are in pension mode.

Tony Kaye Answered by Tony Kaye 1mth ago

Foreign shares tax question

Hi there, we hold shares in 21st Century Fox and with the proposed acquisition by Disney I am trying to establish if Australian shareholders will get ATO CGT rollover relief on the New Disney shares - i.e. would this event make us subject to capital gains tax on the conversion of the 21st Century Fox shares or would CGT be delayed until we sell the New Disney shares? Thanks, Reece

Max Newnham Answered by Max Newnham 2mths ago

Questions for SMSF

I have two questions/comments regarding1. A possible strategy re franking credits My wife and I are both over 70 years of age.Our assets are just above the cut off for access to aged pension. I have been advised by the Shadow Treasurer's office that if in future I become eligible for an aged pension if funds in the SMSF were transferred to personal names the franking credit cash refund would then apply. Advise if you are in a self-managed super fund, you will not be exempt, even if you do later qualify for the pension. If you took your money out of a SMSF annd simply owned shares, then later if you qualified for the pension, you would be covered by the Pensioner Guarantee. Not all my shares are ones that pay dividends with franking attached. MY SUGGESTED STRATEGY Once age pension is approved I transfer shares with franking credits to our joint names leaving other shares in SMSF. This would protect the bulk of the cash refund of franking credits2. An interesting implication if Cash refunds for SMSF are lost For over 10 years my SMSF has had shares in Copper Strike Ltd (CSE). The only major asset of CSE is a share holding in Syrah Resources Ltd (SYR). Directors of CSE have indicated that when they will sell these shares in due course and return proceeds to shareholders indicating it would be by way of capital return plus franking credits. Proceeds of sale by CSE will create a tax liability for it and in turn franking credits. The ATO have given advice that proceeds after tax can be returned to CSE shareholders in the year after sale is completed. The bulk of proceeds returned will be franking credits and if Labor's policy is in place my SMSF will not receive any refund.Your comments appreciated

Tony Kaye Answered by Tony Kaye 2mths ago

SMSF franking credits

For what is worth I would like to submit my ideas of the ALP franking idea. I think the super funds will be taxed after they have received income above $85K. The income will consist of: dividends, capital gains and franking credits. I think the $1.6m cap will go and the excess franking credits will be refunded. I believe this will make the system simple to manage and fair to all. I look forward to your comments.

Max Newnham Answered by Max Newnham 2mths ago

Tax payable in accumulation phase

Max Newnham recently wrote that SMSF members who were receiving a pension from their fund before March 28, 2018 will continue to receive the benefit from receipt of franking credits. My wife and I draw benefits as we have done for several years. I have under the $1.6 million. However, my wife has over the $1.6 million and has elected to transfer her excess into accumulation phase as at July 1, 17. Will this affect our ability to receive the franking credits in full? Thanking you. Keith

Max Newnham Answered by Max Newnham 2mths ago

SMSFs and dividends

At the recent webcast on the 'super franking credit' Max stated that dividends should be taken up in the tax return in the year dividends were declared and not when paid. My understanding is that individuals claim dividends on receipt, whereas companies usually take-up dividends on an earnings basis (viz declared date). However I have noticed that for individuals trust distributions are taken up on an earnings not receipt basis to add to the confusion. I would appreciate clarification whether the above is correct and what basis should SMSF adopt in taking up dividends.

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