My wife and I are expats of four years and our super is in a generic scheme. We would like to open up an SMSF, but our accountants keep telling us that we cannot because it contravenes being an expat and may have tax implications. We are bono fide expats with no immediate plans to return. All we wish to do is manage our own investments. Can I set up an SMSF?
I am a beginer. I have just set up an SMSF and rolled my super into it; all of this is concessional. I have now contributed some non-concessional funds into this SMSF. Do I need to keep the concessional and non-concessional amounts in seperate accounts?