Can an SMSF borrow money to pay superannuation benefits?

Can an SMSF borrow money to pay superannuation benefits?

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...
Excess superannuation contributions

Excess superannuation contributions

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...
Accessing super on compassionate grounds

Accessing super on compassionate grounds

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...
Can superannuation funds invest in Gold?

Can superannuation funds invest in Gold?

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...