SMSF Australia Blog Articles

Yes, the SIS regulation r5.02 (2) specifically allow a SMSF trustee to deduct the direct SMSF Setup costs of establishing the fund such as the fund’s trust deed, establishing a

The Superannuation laws (SISA) allow an SMSF to borrow money under a limited recourse borrowing arrangement (LRBA) provided the asset acquired is held on trust. SISA does not identify the

A self-managed superannuation fund (SMSF) cannot legally borrow by itself and thus must use a legal vehicle known as a Bare Trust to buy the asset with borrowing while showing

Which bank is best for SMSF accounts? There is no one right answer but we will look at the process of opening the SMSF bank account, how to assess an

The downsides of an SMSF: running costs on small balances, trustee workload and liability, no fraud compensation, limited dispute options, moving overseas.

The two major reasons to pay insurance premiums from your SMSF versus personally include premiums can be partially or wholly tax deductible in the SMSF and cashflow considerations as premiums are paid from the SMSF bank and not your bank account

You need to give your employer details about your SMSF to allow your employer to make contributions to your SMSF using the government tool called SuperStream

SMSF setup is $2,000 + GST all-inclusive, with fixed annual accounting from $1,300 + GST. No hourly billing, hidden fees or add-ons. See what’s included.

SMSF Setup in Melbourne: 5 simple to follow steps which show everything You Need to Know about setting up SMSF in an easy to use guide.

Can Accountants setup SMSF? Yes, they do not provide financial advice which is reserved for financial planners and those holding a full or limited financial services license