20 February 2020 - The Commissioners latest on SMSF Investment Strategies

In this session Grant Abbott from LightYear Docs looks at the updated guidance published by the Commissioner of Taxation on SMSF investment strategies including:

1. An investment strategy must be in writing and reviewed annually ready for sign off by the Fund’s auditor.
2. An investment strategy must look at the members of the Fund, their ages, superannuation benefit requirements such as pensions and plan a strategy to meet their retirement income requirements.
3. If there is primarily one asset class such as property or equities or cash then the Trustee must provide commentary on how that asset class meets the needs of the members.
4. If there is borrowing how the Trustee is to cover leverage risk – which would also apply to derivatives and must be accompanied by a Derivatives Risk Statement.

Grant reviews the guidance in detail and then shows how the sophisticated LightYear Docs system solves the issue and provides a unique tailor made solution.