Ready to finally take control of your take control of your retirement savings and stop leaving your future in someone else’s hands? Book your free call with our team today to find out more: https://www.bcsmsf.com.au/contact-us/

In this episode of SMSF Insider, host Troy, founder of Blue Chip SMSF Services, discusses the advantages of buying property within a self-managed super fund (SMSF). He highlights the tax benefits, including no capital gains tax and no income tax during the pension phase. Troy emphasizes that many Australians are often unaware of where their superannuation is invested, noting that a majority prefer property investments over stocks due to their volatility. He provides insights into the complexities of SMSFs and offers general information, reminding listeners to consult with licensed advisors before making any investment decisions. Join Troy as he breaks down myths and empowers busy professionals to take charge of their financial independence.

Follow us:

Instagram – https://www.instagram.com/bluechipsmsf/

Website – https://www.bcsmsf.com.au

Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances.

Timestamps: 

00:00:00 - 00:00:00: Introduction

00:01:50 - Buying property with SMSF

00:06:10 - SMSF property investment benefits

00:09:24 - Buying property under SMSF

00:12:25 - SMSF property investment benefits

00:14:49 - Unrealized capital gains tax

00:17:46 - Tax benefits of property ownership

In this episode of SMSF Insider, host Troy discusses the complexities surrounding Division 296 and its implications for self-managed super funds (SMSFs). He emphasizes the importance of transferring assets outside of superannuation, such as into family trusts or insurance bonds, to avoid the negative impacts of Division 296. Troy explains how Division 296 is calculated based on the fund's asset value as of June 30 each year, illustrating with an example of a fund growing from $3.1 million to $3.5 million. The episode aims to help listeners understand tax planning strategies and how to manage their SMSFs effectively to achieve financial independence. Tune in for valuable insights and expert advice on navigating the world of SMSFs.

Ready to finally take control of your take control of your retirement savings and stop leaving your future in someone else’s hands? Book your free call with our team today to find out more: https://www.bcsmsf.com.au/contact-us/

Follow us:

Instagram – https://www.instagram.com/bluechipsmsf/

Website – https://www.bcsmsf.com.au

Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances.

Timestamps:

00:00:00 - 00:00:00: Introduction

00:00:52 - Understanding the Calculation of Division 296

00:02:27 - Valuing Direct vs. Unlisted Assets

00:03:53 - Tax Planning Strategies for SMSFs

00:04:14 - Valuing Unlisted Assets in Industry Funds

00:05:06 - Timing Contributions to Navigate Division 296

00:06:01 - Alternative Investment Options Beyond Super

In this episode of SMSF Insider, host Troy discusses the costs associated with establishing a self-managed super fund (SMSF). He outlines the range of costs that can vary significantly based on providers, from as low as $1,000 with online services to $10,000 for comprehensive financial advice. Troy explains the factors that influence these costs, such as the choice between individual and corporate trustees, the need for a bear trust, and the implications of purchasing multiple properties. Additionally, he emphasizes the importance of having an investment strategy to ensure compliance and avoid potential opportunity costs. Tune in to gain insights into managing the complexities of SMSFs and taking charge of your financial future.

Ready to finally take control of your take control of your retirement savings and stop leaving your future in someone else’s hands? Book your free call with our team today to find out more: https://www.bcsmsf.com.au/contact-us/

Follow us:

Instagram – https://www.instagram.com/bluechipsmsf/

Website – https://www.bcsmsf.com.au

Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances.

Timestamps:

00:00:00 - 00:00:00: Introduction

00:01:03 - Costs of establishing an SMSF

00:05:52 - Property investment strategies and costs

00:08:30 - Purchasing property in SMSF

In this episode of SMSF Insider, host Troy dives into the most common myths surrounding self-managed super funds (SMSFs). He clarifies the misconceptions that SMSFs are automatically more expensive than other superannuation funds, emphasizing that while they may be pricier for lower balances, they can be more cost-effective as balances grow. Troy also addresses the time commitment involved in managing an SMSF, pointing out that it can consume a lot of time if done independently. However, he reassures listeners that with the right support, achieving financial independence through an SMSF is entirely feasible. Tune in for valuable insights and advice on navigating the complexities of SMSFs. Remember, this podcast is not personal financial advice—always consult with a licensed advisor before making investment decisions.

Ready to finally take control of your take control of your retirement savings and stop leaving your future in someone else’s hands? Book your free call with our team today to find out more: https://www.bcsmsf.com.au/contact-us/

Follow us:

Instagram – https://www.instagram.com/bluechipsmsf/

Website – https://www.bcsmsf.com.au

Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances.

Timestamps: 

00:00:00 - 00:00:00: Introduction

00:01:14 - Myth 1: SMSFs Are Automatically More Expensive

00:02:32 - Myth 2: Setting Up an SMSF Is Too Complicated

00:03:47 - Myth 3: You Need to Be a Financial Expert

00:04:51 - Myth 4: SMSFs Are Too Risky

00:05:45 - Myth 5: SMSFs Have Too Many Hidden Fees

00:06:48 - Myth 6: You Can't Borrow to Invest with an SMSF

00:07:32 - Myth 7: Once Set Up, an SMSF Requires No Attention

00:08:44 - Myth 8: You Can't Invest in Property with an SMSF

00:09:15 - Myth 9: Mistakes Will Cost You Your Entire Retirement Savings

00:09:47 - Myth 10: SMSFs Don't Perform as Well as Other Funds

00:10:30 - Myth 11: Running an SMSF Takes Up All Your Free Time

00:11:12 - Myth 12: You Can Only Have One Type of Investment

00:11:33 - Myth 13: Using an Advisor Means Losing Control

00:12:05 - Myth 14: SMSFs Are Only for the Wealthy

In this clip, we delve into the world of self-managed super funds (SMSFs) and their role in purchasing cryptocurrency and property investments. Our discussion highlights the appeal of SMSFs for clients looking to expand their investment portfolios, particularly in real estate, despite the risks associated with crypto scams. We explain the tax implications of investing in property through superannuation, noting the benefits such as a low tax rate of 15% and reduced capital gains tax after a year of ownership. The episode also emphasizes the significant tax advantages that arise once clients reach retirement age, particularly when transitioning their funds into pension phase. Tune in to learn how to navigate these investment strategies effectively!

Ready to finally take control of your take control of your retirement savings and stop leaving your future in someone else’s hands? Book your free call with our team today to find out more: https://www.bcsmsf.com.au/contact-us/

Follow us:

Instagram – https://www.instagram.com/bluechipsmsf/

Website – https://www.bcsmsf.com.au

Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances.

Timestamps:

00:00:00 - 00:00:00: Introduction

00:02:34 - Zero tax benefits in super

00:04:01 - Misuse of SMSF funds

00:08:06 - Crypto exchange transaction restrictions

In this episode of SMSF Insider, host Troy, founder of Blue Chip SMSF Services, discusses the key differences between industry funds and self-managed super funds (SMSFs). Troy highlights that industry funds operate on a percentage-based fee structure, making them suitable for individuals with lower balances, as they offer a more hands-off approach to superannuation management. In contrast, SMSFs require more active management and reporting obligations but provide greater control and a wider range of investment options, making them ideal for those with higher balances. Tune in as Troy answers common questions and breaks down misconceptions to help listeners take charge of their financial independence. Remember, this podcast is for educational purposes and not personal advice, so consult a licensed advisor before making any investment decisions.

Ready to finally take control of your take control of your retirement savings and stop leaving your future in someone else’s hands? Book your free call with our team today to find out more: https://www.bcsmsf.com.au/contact-us/

Follow us:

Instagram – https://www.instagram.com/bluechipsmsf/

Website – https://www.bcsmsf.com.au

Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances.

Timestamps:

00:00:00 - 00:00:00: Introduction

00:01:02 - Understanding Industry Funds

00:01:46 - Key Differences: Control and Investment Options

00:02:49 - Performance Comparison: SMSF vs. Industry Fund

00:03:53 - Cost Structures: Fees and Fund Balances

00:04:58 - Choosing the Right Fund for You

00:06:01 - Hands-On Management of SMSFs

00:07:05 - Key Questions to Consider

00:08:40 - Compliance and Reporting Obligations

In this clip, we delve into the straightforward setup process for establishing a Self-Managed Super Fund (SMSF) and a Bare Trust. Our expert outlines the two essential application forms required, which are identical and only one page each. Listeners will learn that the initial documentation needed includes a super statement and identification, making the process accessible and efficient.

We discuss the importance of client support throughout the setup, highlighting that clients can easily reach out with questions via a dedicated personal contact. The expert emphasizes the supportive role of the Blue Chip SMSF team, ensuring clients feel guided and informed every step of the way. Tune in to discover how simple and streamlined the SMSF setup can be!

Ready to finally take control of your take control of your retirement savings and stop leaving your future in someone else’s hands? Book your free call with our team today to find out more: https://www.bcsmsf.com.au/contact-us/

Follow us:

Instagram – https://www.instagram.com/bluechipsmsf/

Website – https://www.bcsmsf.com.au

Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances.

Timestamps:

00:00:00 - 00:00:00: Introduction

00:01:10 - Client Support and Communication

00:02:45 - No Financial Advice Provided

00:04:59 - Types of Properties Purchased

00:05:52 - Contract Requirements for SMSF

00:07:05 - Single Asset Rule and Regulations

In this episode of SMSF Insider, host Troy discusses the ins and outs of purchasing cryptocurrency using a Self-Managed Super Fund (SMSF). He explains that while you can invest in crypto, it must adhere to the sole purpose test under the Superannuation Act, ensuring that the SMSF is solely for providing retirement benefits. Key points include the tax treatment of crypto, which mirrors other asset classes, and the necessity of keeping SMSF assets separate from personal assets. Troy emphasizes the importance of setting up crypto accounts in the name of the SMSF rather than personal names and clarifies the borrowing limitations associated with SMSFs. Tune in for essential insights to navigate the complexities of investing in crypto through your SMSF.

Ready to finally take control of your take control of your retirement savings and stop leaving your future in someone else’s hands? Book your free call with our team today to find out more: https://www.bcsmsf.com.au/contact-us/

Follow us:

Instagram – https://www.instagram.com/bluechipsmsf/

Website – https://www.bcsmsf.com.au

Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances.

Timestamps:

00:00:00 - 00:00:00: Introduction

00:01:03 - Purchasing crypto with SMSF

00:06:04 - Tax benefits of long-term holding

00:08:23 - Purchasing crypto with SMSF

00:11:48 - Crypto storage and compliance

00:18:04 - Crypto impact on retirement planning

00:21:00 - Crypto as growth booster

In this episode of SMSF Insider, host Troy, founder of Blue Chip SMSF Services, reacts to different videos discussing the nuances of purchasing property through a self-managed super fund (SMSF). He highlights the option of using a 10% deposit and the implications of gearing up to 90%, emphasizing the aggressive nature of such a strategy. Troy explains that not everyone needs an SMSF, cautioning that many individuals may be misled regarding its necessity. He outlines the potential advantages of SMSFs, particularly in relation to purchasing commercial properties, and clarifies that while residential properties cannot be lived in or rented out to friends, commercial properties offer more flexibility for business use. Tune in for valuable insights into managing your SMSF and making informed investment decisions. Remember, this podcast does not constitute personal advice, so consult a licensed advisor before making any financial commitments.

Ready to finally take control of your take control of your retirement savings and stop leaving your future in someone else’s hands? Book your free call with our team today to find out more: https://www.bcsmsf.com.au/contact-us/

Follow us:

Instagram – https://www.instagram.com/bluechipsmsf/

Website – https://www.bcsmsf.com.au

Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances.

Timestamps:

00:00:00 - 00:00:00: Introduction

00:02:34 - SMSF and commercial property leasing

00:05:37 - SMSF owning commercial property

00:09:28 - SMSF property investment advantages

00:11:48 - Buying property with super funds

00:15:40 - Using super for property investment

00:18:25 - SMSF property investment benefits

In this episode of SMSF Insider, host Troy welcomes Paul Whitehead, Head of Client Relations at Blue Chip SMSF Services, to discuss the setup process of establishing a self-managed super fund (SMSF). Troy shares impressive statistics about their quick turnaround times for applications, highlighting a record of just seven days from application to rollover. The conversation covers essential aspects of SMSFs, including the advantages of investing in property within an SMSF, tax implications such as low capital gains tax, and the significance of these investments at retirement. Paul also touches on some challenges and horror stories from the setup process, providing insights into what prospective SMSF trustees should be aware of. Tune in for valuable information and tips to help you navigate the complexities of SMSFs and take charge of your financial freedom.

Ready to finally take control of your take control of your retirement savings and stop leaving your future in someone else’s hands? Book your free call with our team today to find out more: https://www.bcsmsf.com.au/contact-us/

Follow us:

Instagram – https://www.instagram.com/bluechipsmsf/

Website – https://www.bcsmsf.com.au

Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances.

Timestamps:

00:00:00 - 00:00:00: Introduction

00:01:04 - Disclaimer and Episode Overview

00:01:15 - Guest Introduction: Paul Whitehead

00:01:41 - The SMSF Setup Process

00:02:26 - Understanding Blue Chip SMSF Services

00:03:30 - Investing in Property through SMSF

00:04:43 - Bear Trust Explained

00:05:50 - Application Forms and Required Documentation

00:06:44 - Setting Up the Cash Management Account

00:07:43 - Rollover Process and Challenges

00:08:54 - Client Support and Communication

00:10:37 - No Advice Model in SMSF Setup

00:11:05 - Client Investment Preferences

00:12:52 - Types of Properties Purchased by Clients

00:14:58 - Contract Types for Property Purchases

00:16:07 - Referral Partner Experiences

00:17:40 - Speed and Efficiency of Blue Chip Services

00:18:40 - Entity Name Establishment for Contracts

00:19:09 - Insurance Considerations in SMSF

00:20:50 - Tax Advantages of Property in SMSF

00:21:12 - Horror Stories and Client Missteps

00:23:45 - Dealing with Client Misuse of Funds

00:25:09 - Education on SMSF Compliance

00:26:06 - Crypto Investment Challenges

00:27:39 - Referral Arrangements for Crypto

00:29:28 - Commercial Property and Leaseback Options

00:30:38 - Market Rate Requirements for Leasing

00:31:38 - Living in SMSF Properties: A No-Go

00:32:23 - Selling Personal Property to SMSF

00:33:40 - Long-Term Property Performance Insights