The days of a lax approach to valuations are over.

While there is not always the need to employ a qualified independent valuer for each valuation, there are important circumstances where it is mandated, and others where it is recommended.  Where one is not used then appropriate documentation needs to be kept of how valuations were determined. Back-of-the­ envelope or simply made-up valuations will not suffice.

Whilst in the old days the ATO had little it could do against SMSF trustees, the current penalty rules provide...... Read more

 

Every investor goes in with dreams of a pot of gold, but there is a fundamental difference between investor types - one looks to line their pockets with investment returns along the way, and the other has the patience to wait until the end of the rainbow to reap the rewards.

The distinction between investing for growth or investing for income should not be seen as a "them or us" battle. Rather, investing for growth or investing for income will depend on the personal circumstances of the individual.

The needs of each person naturally differ, and the type of investment they prefer will depend on these needs. Many investors simply need capital growth, and are looking to grow their portfolio for later use, say with the aim of securing a more comfortable retirement. Others, for example...... Read more