In these troubled financial times, the ATO has issued a timely reminder to trustees of SMSFs that they should regularly review their fund’s investment strategy, so that they can make the best possible investment choices.

Amanda Doyle from Professional Investment Services Pty Ltd is available to assist trustees with their SMSF investment strategy.

Trustees need to prepare and implement an investment strategy for their fund, and the investment strategy should be unique to the requirements of that SMSF and its members.

It should be reviewed regularly and updated as required, and allow the trustees to be able to measure investment performance against their retirement income goals.

An investment strategy must reflect the purpose and circumstances of the fund and consider:

1. investing in such a way as to maximise member returns, taking into account the risk associated with the investment;
2. appropriate diversification and the benefits of investing across a number of asset classes (for example, shares, property, fixed deposit) in a long-term investment strategy;
3. the ability of the SMSF to pay benefits as members retire and pay other costs incurred by the fund; and
4. the needs of members (for example, age, income level, employment pattern and retirement needs).

All investment decisions must be made in accordance with the investment strategy.

If you would like more information about this, please call me on 9367 6444. Alternatively, send me an email: amanda@4kings.com.au.

Appointments can be taken in my South Perth office or either of Prouse Family Accountants northern offices in Marmion and Joondalup.

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