Jan 20, 2020
Trustees of a Self-Managed Superannuation Fund (SMSF) are prohibited from borrowing or maintaining an existing borrowing of money under subsection 67(1) of Superannuation Industry (Supervision) Act 1993 (SISA) except in very limited circumstances as listed under...
Oct 11, 2019
There is no restriction on the amount of money that can be contributed into a self managed superannuation fund (SMSF). However, superannuation contributions above certain contributions caps do not receive concessional tax treatment. The two main types of...
May 30, 2019
Access to superannuation prior to retirement may be allowed in circumstances where an individual is considered to be in severe financial hardship or there are strong compassionate grounds for early release. In order to access superannuation through severe financial...
Mar 26, 2019
In order for a SMSF to enter into an investment with any parties without contravening the Superannuation Law, it is imperative that the SMSF trustee determines whether the investment transaction is entered into with a related party of the SMSF. This is because the law...
Jan 31, 2019
From 1 July 2017, any amounts transferred into retirement phase will be measured against a transfer balance cap, which is currently $1.6 million for 2017/2018 financial year. This means any death benefit income stream a member is entitled to, will give rise to a...
Nov 28, 2018
Investing in gold I am often asked by self managed superannuation fund (SMSF) members if their superannuation fund can invest in gold? When an SMSF member is considering investing in gold or other precious metals, they need to consider whether the investment could...
