Reverse mortgage lending demand and retirement advice. Since the global financial crisis, demand for reverse mortgages have grown steadily.

Super transfer balance cap and new reporting events. Now that the transfer balance cap has been introduced to limit the amount of capital that can be transferred into the tax-exempt retirement phase, the ATO now requires certain events that track the movement of capital to be reported in a timely manner, depending on your super balance.

Limited recourse borrowing arrangements (LRBA) and SMSFs. Limited Recourse Borrowing Arrangements (LRBAs) allow an SMSF to borrow money for the purchase of a single asset (or a collection of identical assets that have the same market value) to be held in a separate trust.

Setting up a SMSF, ensure it meets the sole purpose test. Setting up your own self-managed super fund (SMSF) can be a complex task even before you seek registration with the ATO. It’s important that the SMSF be set up correctly for the sole purpose of providing retirement benefits for their members.