As the name implies, a Self Managed Super Fund, or SMSF, is a private super fund that you manage yourself or with the assistance of a financial advisor skilled in SMSF. It’s no surprise that control is the number one reason people give when asked why they chose to fly solo.
With the stakes so high and large amounts of money involved, it is vital for SMSF members to have their finger on the pulse.
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To have the retirement of your dreams, you must plan ahead. The bonus is, the sooner you start thinking about your retirement life, the better opportunity you have of making those dreams a reality.
It would seem SMSF loans have become an increasingly popular way to access the capital required to get a foothold on the property ladder.
We often get questions from clients about what they can and cannot do in their SMSF. Often the questions relate to related party transactions – that is, interactions between the SMSF, its assets, and its members (or relatives of members). We’ve set out some of the common questions and answers.