Super Snapshot – October 2014

Clear Vision • October 5, 2014

Going Into Partnership With Your Super Fund

A question often asked is “how is it best to buy my next real estate asset”? Generally we always suggest doing this inside your self managed superannuation fund as part of tax minimisation. Doing this allows you to reduce your tax rate to 15% when repaying the principal of a loan.

Another option could be going into Partnership with your SMSF.

Going into partnership with your SMSF can be an option but has some issues that need to be addressed and managed. The common issues to address include:-

Ownership Type:- It must be acquired as tenant’s in common not joint tenancy.

Real Property:- In easy to understand terms this means real estate. Why is this significant? Generally a partnership will have a joint bank account which doesn’t meet the definition of real property. As such, the bank account cannot exceed 5% of the funds Assets – something to be monitored and could add a level of complexity to the administration which is undesirable.

Income and Expenses:- This must be done equally – you can’t send cash or share of income to either party without the proportionate amount being sent to the other party. The share must be in accordance with the legal ownership.

Security:- The asset cannot be used as security for any borrowings. This makes this more difficult for some banks and investors.

Want more information? Contact Justin Searle today on 07 4688 2500.

How Much Do You Need to Make? Understanding Business Turnover

By Caroline Gillies • July 13, 2025
Running a business isn’t just about making sales — it’s about making enough sales to cover your costs and pay yourself what you deserve. But how do you figure out how much turnover (aka revenue) you actually need to make each month? Knowing this number helps you: Set realistic sales targets Price your products or services properly Know when to cut costs or increase margins Understand when your business is sustainable This isn’t just about numbers — it’s about clarity and control. Once you know your required turnover, you can stop guessing and start planning. Whether you’re a solopreneur, a growing startup, or a small business owner, this is the foundation of making your business work for you — not the other way around. We love numbers — seriously. And we get that not everyone does. If you need help breaking things down in a way that’s simple, practical, and actually makes sense (even if numbers aren’t your thing), call Clear Vision Accountancy Group today on 4688 2500.

12% Superannuation Guarantee - 1 July 2025

By Caroline Gillies • June 22, 2025
From 1 July 2025, the Superannuation Guarantee (SG) rate in Australia will increase to 12%. This means employers will be legally required to contribute at least 12% of an eligible employee's ordinary time earnings to their superannuation fund. This increase is the final step in a legislated rise from 9.5% in 2021 to 12% by 2025, aimed at boosting retirement savings for Australian workers. If you use Xero for payroll, the SG rate should automatically update in the system. However, we recommend you double-check your payroll settings to ensure everything is correct. If you’re unsure or need assistance, please contact your bookkeeper or get in touch with us at: Clear Vision Accountancy Group (07) 4688 2500 We’re here to help you stay compliant and avoid any costly errors.

Capital Gains Tax Implications of Subdividing Land in Australia

By Caroline Gillies • June 1, 2025
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