Superannuation regulation strictly prohibits the lending of money from a super fund to a family member or relative. It also strictly prohibits a family member or relative using any assets (property) owned by the SMSF. Breaching these rules may result in the fund being made non-complying and the fund could lose almost half its assets in tax to the ATO, as well as the trustee being disqualified from being a trustee. If you are unsure about how an SMSF can lend money or use assets please contact SMSF Financial and we will be happy to assist.
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I have lived and breathed investing from an early age, having first begun my investment journey at just 12 years old while growing up on the family farm. The first principle of investing I learnt was from my father, who taught me to buy low (my brother and I would buy a calf) and sell high (we would sell it for a profit 18 months later). Over my many years in the wealth-management industry, I have seen times of extreme growth and downturn, and have an in-depth understanding of which strategies deliver the best results for my clients over the long-term. SMSF Financial was created with the goal of securing and protecting your wealth. As I explain to all my clients, the advice I provide is based on years of experience and is the same guidance I would give my own friends and family. As a qualified Financial Planner, SMSF expert and Accredited Derivatives Adviser through the Australian Securities Exchange, I have assisted and educated more than 2,000 clients on wealth creation strategies over the last decade. I am passionate about helping my clients to achieve the best outcomes and am focused on building close personal relationships. How can I help you grow your wealth? Contact me for a free strategy call.