Can an SMSF lease residential property to a related party?

From

“No” is probably the first answer that comes to mind but it is actually “maybe”, if we are to believe the full Federal Court in the judgement it handed down... Read more continue reading

How does an SMSF buy a property?

From

There are a lot of considerations about buying property as an investment and the complexities increase when the purchaser is an SMSF. Importantly with an SMSF, there are a number... Read more continue reading

Can you sue your SMSF auditor if things don’t go to plan?

From

The NSW Court of Appeal has overturned the decision of the trial judge and held that an SMSF auditor was liable to pay damages for losses incurred by the SMSF.... Read more continue reading

Replacing trustees and mental incapacity

From

If you are currently a trustee or a director of a corporate trustee of an SMSF, you will recall signing a number of legal documents for your appointment and acceptance... Read more continue reading

10 ways to protect your SMSF from loss of mental capacity

From

If you have a self-managed superannuation fund (SMSF), you need to plan ahead to ensure that it can still keep going if you lost mental capacity due to dementia (or... Read more continue reading

SMSF member limit to increase from four to six

From

One of the key changes from this year’s budget is the Government’s proposal to increase the maximum permitted number of members in a self-managed superannuation fund (SMSF) from four to... Read more continue reading

Buy property through SMSF in your 30s

From

Omniwealth thinks that investors in their 30s are the perfect age to purchase property within an SMSF. Leaving such a major investment decision until your mid to late 40s may... Read more continue reading

Bankruptcy and SMSF trusteeship

From

John and Mary are individual trustees of their SMSF. John has incurred quite a substantial amount of unmanageable debts and recently entered into a voluntary bankruptcy. John is unsure what... Read more continue reading

Rate of growth in SMSFs at 10 year low; 47% of trustees have unmet advice needs

From

The establishment rate of self-managed superannuation funds (SMSFs) has hit a ten year low, dropping to 4.8 per cent from a high in 2010 of 9.3 per cent, according to... Read more continue reading

Getting your SMSF compliance right

From

Self-managed superannuation funds (SMSFs) now account for the management of almost one-third of all superannuation in Australia. They have become popular with many Australians over the last decade as an... Read more continue reading