SMSF Sole Purpose Test The sole purpose test is a test the ATO uses to ensure that SMSF trusts are operating with the intention of only benefitting from their funds through the sole purpose of either retirement or in the event of a member’s death. While the way that...
SMSF Investment Rules – Are You Compliant? The Superannuation law does not prescribe what a SMSF can and cannot invest in. But there are restrictions on where the fund can invest in and the entities from which the fund can acquire assets. The investment options...
Life Insurance through SMSF Since August 2012, SMSF trustees are mandated by law to consider the appropriateness of life insurance for fund members. SMSF trustees are not required by law to take out life insurance, however they do need to consider if it is...
