Can my SMSF buy my business premises?
As an SMSF service provider to trustees, accountants and financial planners, one very common question we get asked is whether a self-managed super fund can buy commercial property from a member or related party.
Can I trade in exchange-traded options in my SMSF?
With the attractive tax concessions in SMSFs, some trustees are looking to invest in complex derivatives within their SMSF in a bid to increase their retirement savings.
FAQ: How much money can I contribute to my SMSF this year?
Due to the generous tax concessions available in superannuation funds and to members once they withdraw their super in retirement, the government has established annual limits on the amount of contributions that can be made to a super fund either by you or on your behalf.
FAQ: My fund is 10 years old – should I get my deed reviewed?
All SMSFs require a trust deed, which sets out the governing rules for the operation of a given fund. Along with abiding by superannuation legislation, trustees are also required to follow the rules set out in the trust deed.
FAQ: What is an SMSF investment strategy?
Every SMSF requires an investment strategy. To put it plainly, an investment strategy is a document that details what the SMSF is going to invest in and why.
FAQ: When and how can I access my super money?
The superannuation system was established to assist individuals with their retirement plans and so, for the majority of us, our superannuation benefits are ‘preserved’.
FAQ: Will I pay tax when I draw on my super balance?
If you run an SMSF, there will come a point where you draw on your super balance and enjoy the fruits of your labour.
FAQ: Should I set my fund up with a corporate trustee or individual trustees?
When thinking about setting up an SMSF, you need to decide whether you want to have individual trustees, or a company trustee where you would be a director.
FAQ: Can my SMSF invest in exotic assets?
One of the reasons SMSFs have rocketed in popularity over the last few years is that they allow investors total control over where they invest their retirement savings.
