Loans And Early Access

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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What’s Involved With An SMSF