Entries by Jesper Lim

How much do I need in super to retire?

The amount you might need in super to retire depends on the type of lifestyle you plan to live post retirement. As per studies conducted by the Australian Institute of Health and Welfare, the average life expectancy of males and females born in Australia have increased over the years to an average life expectancy of […]

Common SMSF audit issues

Self-managed super funds must comply with Australian superannuation legislation which requires a compliance audit each financial year to avoid a range of penalties imposed by the ATO for failing to meet compliance obligations. Three common SMSF audit issues consistently arising when reviewing Self-Managed Super Fund’s include: Deed Upgrades The trust deed for a SMSF stipulates all […]

What is a sophisticated investor certificate?

Normally investors must be given a disclosure document such as a prospectus before being offered shares or securities for purchase. However investors holding a sophisticated investor certificate are exempt from these rules and can purchase these shares without having received a prospectus. So how do you get a sophisticated investor certificate? Under chapters 6D and […]