A withdrawal and recontribution strategy could over time permit a member to transfer a material part of their superannuation to a non-dependant who would not ordinarily be entitled to receive the member’s super following the death of that member.
SMSF
SMSFs and self-funded retirees can access government loan scheme
Since the onset of COVID-19, Pension Boost has received a material increase in enquiry from self-funded retirees with around 10% of PLS applications being from this segment.
Securing assets of an SMSF for the short term
You see a property that you want in your SMSF but there’s no time to arrange a bank loan before you must finalise the purchase or miss the property. Let’s lend the money ourselves and then refinance shortly thereafter.
Choosing an investment structure to meet in-house asset rule
An SMSF investing with a related party must be careful not to breach the in-house asset rule.
Low interest rates prompting LRBA refinancing
SMSF trustees should not give into the siren call of low interest rate refinancing of their Fund’s loan until they have considered these points.
Buy your retirement home now in your SMSF and use it when you retire?
Garry and Betty are the directors of the corporate trustee of their SMSF. They are contemplating acquiring a property through their SMSF, which they plan to lease to an unrelated third party at market value until both of them reach their preservation age and retire as a condition of release.
Six member SMSF as pooled investment structure
There is currently legislation before Parliament to increase the maximum number of members of SMSFs from four to “not more than six”. When passed, the measure will commence from the start of the first quarter that begins after the Act receives Royal Assent.
Asset Rich Cash Poor: Meeting cash obligations with all eggs in one basket
What to do when the fund owns a property and one of the members dies. Can the fund delay selling the property to pay the death benefit?