RSSCategory: superannuation

Jul

17

What is a SMSF

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What is a self managed superannuation fund? A Self Managed Superannuation Fund (SMSF), as with any other superannuation entities, is a trust fund but with the following characteristics: the fund has four or fewer members; no member of the fund is an employee of another member, unless related; each member is a trustee of the […]

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Jul

17

Setting up a SMSF

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Setting up a Self-Managed Superannuation Fund (“SMSF”)   The following is a basic step by step procedure of how to set up an SMSF: Firstly, a trust deed must be prepared establishing the fund and outlining its rules and obligations. A Trustee(s) must be appointed to the trust which must either be prospective members of […]

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Jul

17

Borrowing through a SMSF

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Borrowing through a Self Managed Superannuation Fund Changes to the superannuation laws in late 2007 have empowered Self-Managed Superannuation Funds (SMSFs) with the ability to borrow money for investment purposes. Under the new legislation, SMSF’s can purchase property under an instalment arrangement in which the fund makes a partial payment on the property and borrows […]

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