Why you need a succession plan for your SMSF

Why you need a succession plan for your SMSF

The trustee of your SMSF is all-powerful. The trustee decides how much money you can put in the fund, who else can join, how your money is invested, how much gets paid out to you and when, and finally who gets what’s left over when you die. So how do you ensure the trustee of your fund continues to do the right thing when you can no longer be involved? There are a number of strategies you need to have in place

Transferring an asset from a super fund to a member – no stamp duty in SA

Transferring an asset from a super fund to a member - no stamp duty in SA

In South Australia stamp duty is not payable on a transfer of real property from a trustee of a trust to a person who already has a defined beneficial interest in the property. For example, a transfer of property from the trustee of a unit trust to the unit holder. But there are a couple of tricks you need to be aware of.

Are you about to pay off your SMSF ‘limited recourse borrowing’ loan?

Are you about to pay off your SMSF ‘limited recourse borrowing’ loan?

If you are about to pay off your limited recourse borrowing loan (or have recently done so), you are probably wondering what to do next. You might want to simplify your super fund investments and wind up the custodian trust. Or you might be planning your next property purchase. In this article, we answer the […]