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Accounting & Tax

Buying Property with Superannuation: Pros and Cons
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Steve Kostovski
18 March 2024

Buying Property with Superannuation: Pros and Cons

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Tax Depreciation Schedule: All You Need to Know

Tax Depreciation Schedule: All You Need to Know

SMSF set-up costs: How much does it cost to set-up a self-managed super fund?

SMSF set-up costs: How much does it cost to set-up a self-managed super fund?

Bucket Company: A Strategic Tool for Wealth Management

Bucket Company: A Strategic Tool for Wealth Management

Self-Managed Superannuation Loans

Self-Managed Superannuation Fund Loan (SMSF): All you need to know

The value of the Australian superannuation assets is $3.85 trillion as at March 2024. $932 billion of these assets are held within Self Managed Super Funds (SMSF’s).  The value of the assets held within SMSF’s has consistently grown over the years as more Australians’s choose to take control over how their retirement savings are invested.  The savings within SMSF’s can be invested in direct shares, property, collectible items, cash, Term Deposits, managed funds, diversified portfolios, etc. In 2007, the Australian government introduced changes to the Superannuation Act, which allowed superannuation funds to borrow to purchase property and shares using a..
... Steve Kostovski
Tax Depreciation Schedule

Tax Depreciation Schedule: All You Need to Know

Investing in property can be a great way to build wealth in Australia. However, navigating the world of tax deductions can feel overwhelming. As property investors, you need to understand tax depreciation schedules, and we at K Partners have the necessary knowledge to help you maximise your tax benefits. What are Tax Depreciation Schedules? Tax depreciation schedules set out what tax deductions can be claimed each year for your investment property. They work by acknowledging the gradual decline in the value of your investment property's building and fixtures over time. Understanding Tax Depreciation The concept of tax depreciation is more..
... Steve Kostovski
Superannuation property

Buying Property with Superannuation: Pros and Cons

Superannuation or ‘super’ is money set aside by your employer over your working life for you to live on when you retire. By investing additional funds into superannuation or taking control over how these funds are invested you can influence the outcome of your retirement savings. Here are some reasons why investment in superannuation is beneficial:
... Steve Kostovski
bucket company definition

Bucket Company: A Strategic Tool for Wealth Management

In financial planning and wealth management, K Partners embraces innovative solutions to optimise our client's financial well-being. One concept that may arise is an investment bucket company. Such a strategy can be a valuable tool for effective financial planning by improving tax efficiency and allowing clients to achieve their long-term financial goals. What is a bucket company, and how does it function? Let's look at this concept. What is a Bucket Company? Imagine a trust, a legal entity holding assets and generating income in Australia. Traditionally, the trust distributes this income directly to designated beneficiaries. However, this often subjects the..
... Prasanth Radhakrishnan
melbourne cbd

Benefits of SMSFs: Facts That You Should Know

As increasing numbers of Australians look for ways to boost their retirement savings, self-managed super funds (SMSFs) are gaining popularity. So much so, in fact, that the number of SMSF’s grew by 5% in 2022 alone. However, with the rules and regulations that govern SMSFs, they may not be suitable for everyone – so weighing up the advantages and disadvantages of SMSFs before opening one is crucial. Let's explore the most significant benefits of SMSFs, as well as the potential disadvantages of SMSFs. Advantages of SMSFs (The Benefits of SMSFs) Investment Control and Flexibility One of the major benefits of..
... Aman Syed
SMSF Set Up Cost

SMSF set-up costs: How much does it cost to set-up a self-managed super fund?

A self-managed super fund (SMSF) is a private superannuation fund that you own and manage. In doing so, you get to decide how to invest your super contributions, who can be a member of the fund, and ultimately, whether to keep it running. However, you're also responsible for  ensuring your SMSF complies with all relevant regulations – and dealing with the consequences of non-compliance. An SMSF can be a powerful tool for saving for retirement as it offers greater control over investments, the ability to pool savings with other members, and more flexible costs. However, the process of setting up..
... Aman Syed