The recent decision made by the RBA to cut the cash rate by 25 base points consequently affects the interest rates offered by some of the major lenders.
The start of 2015 is the best time for SMSF check-up. It is important to review your Self-Managed Superannuation Fund (SMSF) at least twice a year, and one of the best times for a bi-annual check is the beginning of the calendar year. It is also crucial to make sure that your asset allocation target is achieved. To do this, a few administrative tasks needs to be accomplished first.
The Reserve Bank sets the target ‘cash rate’, which is the market interest rate on overnight funds.
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