SMSFs and Family Trusts

SMSFs and Family Trusts are both similar in that they are used as to manage and accumulate wealth. The table below shows the differences between both structures: Features Self-Managed Super Fund Family Trust  Primary Goal Retirement savings (Sole Purpose Test) Wealth creation & asset protection Tax Rate 15% (accumulation); 0% (pension phase) Beneficiaries’ marginal rates […]

SMSF Cash Management: Operating Accounts vs Fixed Term Deposits

Introduction SMSF cash management is about how your Fund holds and uses its cash to meet its expenses, manage risk and support its investment goals. Cash allows the Fund to pay tax, cover accounting and audit fees and meet benefit payments without having to sell long-term investments. SMSF’s can use a mix of cash options. […]

SMSF Trust Deeds

Why the SMSF Trust Deed Is the Foundation of Your Fund SMSF Trust Deed acts as a rulebook for your Fund, it is the document that officially establishes the Fund and sets out how it must operate, it is the Foundation of your SMSF. It outlines key details such as who the Trustees are, who […]

Paying Benefits from an SMSF

Superannuation is designed to support you in retirement, not to be accessed whenever you choose. If you’re running a Self-Managed Super Fund (SMSF), understanding exactly when and how you can legally access your super is critical. The rules governing SMSF benefit payments are strict, and Trustees must ensure every withdrawal complies with superannuation law to […]

SMSF Investment Rules: What You Can & Can’t Do

Managing an SMSF comes with more freedom in investing compared to Retail and Industry Funds. However, there are still investment rules that Trustees must follow. There are regulations which guide what your Fund can and can’t do when it comes to investments in an SMSF. Some of these include lending or providing financial assistance to […]