Can you sell your SMSF assets to a related party?

A common question SMSF trustees ask is whether they can sell or transfer their SMSF assets to a related party, like themselves or a family member. Selling to related parties is possible While there are rules about what assets an SMSF can buy from a related party, there’s no law that says you can’t sell […]

SMSF record keeping requirements

A key responsibility that SMSF trustees must adhere to is to keep accurate tax and superannuation records. The benefits of good record keepingAs a SMSF trustee, the benefits of good record keeping will: Even if you use a superannuation or tax professional to administer your SMSF, each trustee is responsible for good record keeping. This […]

New financial year to-do list for your SMSF

With 30 June beyond us, now is the time to plan ahead to get your SMSF sorted for the new financial year. Below are five key items to tick off this financial year. Revisit your investment strategy Your investment strategy must be reviewed at least once a year and this will be evidenced by your […]