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...
Are you thinking of investing in SMSF Collectibles? Are you thinking about investing in collectibles for your SMSF? Or do you already have collectibles and want to ensure your investment is compliant? Wherever you are in the process of using collectibles in your SMSF...
What NOT to do with your SMSF related parties Your SMSF will need investments, and it may need to borrow in order to make those investments. One of the crucial things to understand in your SMSF investment strategy is that you cannot invest or loan to any related...
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...
SMSF Investment Strategy An investment strategy is a detailed set of financial rules, behaviours or procedures which acts as a framework for a Trustee making SMSF investment decisions throughout the year. It is a guide for the trustee’s selection of an investment...
