Starting an income stream from your SMSF at 60
National Tax & Accountants’ Association Ltd Editor: The ATO has issued an information sheet to help practitioners and their clients understand the implications of drawing an income stream from an SMSF after 60.
Inappropriate loans from super funds
The National Tax and Accountants Association Ltd The ATO has issued a guide for trustees of SMSFs on its website that asks: “Has someone asked you to invest your SMSF funds into a trust, company or investment product, and then offered to lend some or all of that money back to you, your company or […]
SMSF – Limited Recourse Borrowing
From the Institute of Chartered Accountants Borrowings of any sort within a Self-Managed Superannuation Fund (SMSF) are generally explicitly prohibited. Funds can however borrow in order to purchase an asset. In order to do so, certain criteria must be met: Section 67A of the Superannuation Industry (Supervision) Act 1993 (Cwlth) permits a borrowing arrangement if […]
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