Jaeneen Cunningham

Photo by Andre Taissin on Unsplash Most of us have money that spends at least some of its life waiting. Your salary arrives before the mortgage payment is due. Money accumulates for rates, insurance or a holiday. There might be an emergency fund sitting there that you hope you won't need. Or perhaps you are simply building up savings over time. An offset account can give that money something useful to do while it waits. What is an offset account? An offset account is a transaction account...

The federal government has agreed to ban new limited recourse borrowing arrangements (LRBAs) for residential property inside self-managed super funds (SMSFs), as part of the deal to pass its recent broader tax package.

If, for whatever reason, the proposed changed to Negative Gearing and Capial Gains tax dont sit well with you, but you still like the idea of growing your wealth, maybe you should look at the spaces unaffected by the budget. If you’ve been considering a Self-Managed Super Fund (SMSF), now might be the time to take that conversation further.