Running Your DIY Super Fund
An increasing number of parents are bringing their adult children into their SMSF to tap into the benefits, particularly where family businesses are concerned.
The super fund rules are complex and it's important to make sure both you and the ATO agree your fund meets the SMSF requirements
SMSF trustees who receive personal injury payments can contribute these to super without them counting towards their contributions cap.
Everyone now has the same contribution cap limits, regardless of age. But how do the penalties add up if you breach the caps? Is it ever worth it?
Superannuation is aimed at 'saving' for retirement, so putting your fund in debt is not allowed. But there are three exceptions.
There are tax advantages to moving personal assets, like shares, into your DIY super fund. But there are also some rules you need to be careful not to break.