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Heffron

We are an independent SMSF specialist firm that helps trustees, financial advisers and accountants use SMSFs effectively as a retirement saving structure.

For 20 years we have been at the forefront of providing SMSF solutions and today we are one of Australia’s largest independent SMSF service providers.

Our team of market leading experts provide education and training, technical support for advisers and accountants, and implementation services such as administration, actuarial certificates and document creation. With our many years of practical experience we can help you get the most out of your SMSF.

Heffron SMSF

To find out more, visit www.heffron.com.au.

Latest sponsor articles

Meg on SMSFs: $3 million super tax coming whether we’re ready or not

A Senate Committee reported back last week with a majority recommendation to pass the $3 million super tax unaltered. It seems that the tax is coming, and this is what those affected should be doing now to prepare for it.

Meg on SMSFs: When the first member of a couple dies

The surviving spouse has a lot to think about when a member of an SMSF dies. While it pays to understand the options quickly, often they’re best served by moving a little more slowly before making final decisions.

Meg on SMSFs: Super concepts to explain to your kids (or grandchildren)

For those in their 20s and 30s, it’s tempting to give super the bare minimum of attention. If you have family members in this stage, there are two quirky super benefits worth telling them about which could be surprisingly valuable.

Meg on SMSFs: Is contribution splitting a forgotten strategy?

It's a surprise how rarely we see ‘spouse contribution splitting’ in SMSFs. This type of splitting is a special rule that effectively allows someone to ‘give’ some of their super contributions to their spouse.

Meg on SMSFs: Why a trust deed is still important

Even though SMSF trust deeds are often generic nowadays and almost always easy to change, they’re still vital. They’re definitely not all the same so it’s important that SMSF trustees know what they’ve got.

Meg on SMSFs: Facts and figures 2023/24

This is your Quick Reference Guide for the year’s important facts and figures. It includes what you need to know on personal tax rates and offsets, as well as super contributions, caps, benefits, and thresholds.

Meg on SMSFs: Is a binding death benefit nomination worth it?

A binding death benefit nomination makes sense if you belong to an APRA super fund, yet how about if all of your super is in an SMSF? Here are the pros and cons of having such a nomination in your SMSF.

Meg on SMSFs: negative earnings and the $3 million tax

There’s no good news in the draft legislation for 'Division 296 tax', the new name for the tax on super over $3 million. These worked examples show the flaw in taxing unrealised gains. And stop calling it a 30% tax.

Meg on SMSFs: Timing and the new super tax

Many people spooked by the proposed new tax on super balances over $3 million are contemplating withdrawing large amounts in the next few years before the tax takes effect. This isn't a good idea for most people.

Meg on SMSFs: should I start my pension before selling assets?

Tax breaks are one reason to have long term investments in super because it can mean a complete tax exemption on capital gains that have built up over years. But is it essential to start the pension before selling assets?

Meg on SMSFs: why my kids don’t belong to my SMSF… yet

Should you bring your children into your SMSF? It's a complex issue that's likely to be different for everyone, though here are some considerations before making a decision - one that hopefully satisfies all parties.

Meg on SMSFs: watch traps in EOFY contributions

Claiming tax deductions for personal super contributions can be an excellent EOFY step, but there are traps to avoid and paperwork which cannot be overlooked. The ATO watches that super is administered correctly.

Meg on SMSFs: Adjusting to the new tax on super over $3 million

It started out as a simple idea, but the closer the implications of the new $3 million super tax are examined, the more complex it becomes. It may require thinking differently about investments after 30 June 2025.

Meg on SMSFs: Total Super Balance quirks unpacked

The Total Superannuation Balance (TSB) may sound self explanatory but many people with large super balances are about to care far more about exactly what goes into a TSB. And there are some quirks to understand.  

Meg on SMSFs: Four ways super pensions are better in SMSFs

In many ways, super pensions in an SMSF and a large public fund are the same, but flexibility differences give the SMSF features such as drawing money out as needed, managing as a couple and no need to move assets.

Meg on SMSFs: Is it better to wait until July to start your pension?

The 'transfer balance cap' will increase to $1.9 million from 1st July, but only those who don't start pensions until then will get the full increase. Many retirees are wondering if they should wait to start pensions in their SMSFs.

Meg on SMSFs: Would a limit on fund size make sense?

Next year's Federal Budget might that be the time when we see something designed to break up very large SMSFs gain some traction. We run through whether such changes make sense and look for potential alternatives.

Meg on the Federal Budget: what's changed with super?

The Federal Budget may not have been the most exciting, but it's got a number of implications for superannuation. Here's a summary of what was included and excluded, as well as what was new and what wasn't.

Meg on SMSFs: when should I get rid of my SMSF?

Most people will face the decision whether to close their SMSF due to downsides of multiple generations in the same SMSF, tax reasons to move money from super and after the death of a more active member.

Meg on SMSFs: my own reasons for early SMSF establishment

In response to a previous article on delaying establishing an SMSF, Meg explains why she started early, long before she began in the SMSF industry. Anyone who expects to build a decent super balance should think ahead.

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The ins and outs of SMSF pensions

Superannuation is ultimately about saving for retirement. But even once you retire, you don’t have to take all your money out of super. Often the best way to manage it in the long term, is to start a 'superannuation income stream' or 'pension' within your SMSF.

Everything you need to know about super contributions in FY23

Superannuation comes with some great tax breaks and like anything with great tax concessions, there are rules to follow. In this guide, we run through some of the key contribution rules and some handy tips about how to make the most of them.

Most viewed in recent weeks

Where Baby Boomer wealth will end up

By 2028, all Baby Boomers will be eligible for retirement and the Baby Boomer bubble will have all but deflated. Where will this generation's money end up, and what are the implications for the wealth management industry?

Are term deposits attractive right now?

If you’re like me, you may have put money into term deposits over the past year and it’s time to decide whether to roll them over or look elsewhere. Here are the pros and cons of cash versus other assets right now.

Uncomfortable truths: The real cost of living in retirement

How useful are the retirement savings and spending targets put out by various groups such as ASFA? Not very, and it's reducing the ability of ordinary retirees to fully understand their retirement income options.

How retiree spending plummets as we age

There's been little debate on how spending changes as people progress through retirement. Yet, it's a critical issue as it can have a significant impact on the level of savings required at the point of retirement.

Meg on SMSFs: $3 million super tax coming whether we’re ready or not

A Senate Committee reported back last week with a majority recommendation to pass the $3 million super tax unaltered. It seems that the tax is coming, and this is what those affected should be doing now to prepare for it.

20 US stocks to buy and hold forever

Recently, I compiled a list of ASX stocks that you could buy and hold forever. Here’s a follow-up list of US stocks that you could own indefinitely, including well-known names like Microsoft, as well as lesser-known gems.

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