Top five SMSF Strategies, Reserves, Borrowing case studies, May 2009 Budget and making money from SMSF advising
The SMSF Strategy Day is a forum dedicated to the discussion of strategies for SMSFs and is a must attend event for anyone whose role includes setting up, administering, managing or advising on SMSFs.
The global financial crisis has brought SMSFs both good and bad news. A large number of SMSF trustees have seen a fall in the value of their fund’s Australian equities and property trust investments over the last 12 months. But here is some good news:
- SMSFs are beginning to dominate the superannuation landscape. Right now they are the only type of superannuation fund with more than $300 billion in assets
- In the 12 months to 31 December 2008 APRA statistics revealed that retail superannuation funds dropped by 21% while SMSFs had a more modest fall of 8%
- There is more than $106 billion sitting in SMSF cash waiting to be invested in the equity and property markets when the market turns
- SMSF borrowing for acquiring retail, commercial and serviced apartment properties has started to rapidly accelerate
- Conservative actuaries Deloitte Trowbridge estimate that by 2021, total fees payable by SMSF trustees to their professional advisers will top $18 billion – up from the current $4 billion
The best SMSF advisers are now building market share and a profitable business with strategies that make the most of their SMSF client circumstances.
It is against this backdrop that Grant Abbott, Australia’s foremost SMSF trainer, expert and author will unveil a raft of exciting new strategies, show how to set up anti-detriment, self-insurance and pension reserves, consider some live SMSF borrowing cases he has been working on and finally reveal the ideal SMSF business model guaranteed to deliver long term SMSF success and profit to its owner.