Executive Manager, SMSF Technical & Private Wealth, SuperConcepts
Horizontal equity, one of the principles of our tax system, is where those on the same/similar incomes/wealth contribute about the same.
Here are different options for help that are available with your SMSF
What if you have one SMSF but want separate investment allocations and have different investment strategies in the one fund? Can you do it?
It’s a legal requirement, and you could be penalised thousands of dollars.
There will be some advantages if SMSFs choose to boost their membership, but there are a number of things they need to be wary of too.
There are penalties and administration burdens you will probably want to avoid.