Masterclass SMSF – What can you invest in?

Masterclass SMSF – What can you invest in?

SMSF – What can you invest in?

For the SMSF Trustee, there are certain rules that must be followed to ensure the SMSF super fund stays compliant regarding what you can invest in.

Key Investment Rules

  • Ensure Fund-Ownership of assets is secure (preference in   trustee name (individual(s) or corporate name) – S52(2)(d)
  • Invest following the written Investment Strategy – Reg 4.09
  • Cannot lend money or financially help others or members – S65
  • Cannot buy assets from members or related members or entities (except shares and securities at market value, business real property) – S66 & S69-71E
  • Must be no charge over any assets in the fund (recourse) S67A-67B & Reg 13.12–13.13
  • Meet Sole Purpose Test – Decisions that will provide for retirement – S62.

Investment Choices

SFs can invest in various asset classes including:

  • Shares, Options, CFD’s ,Covered Call Options
  • Property – Residential and Commercial
  • Managed Funds
  • Term Deposits and Cash
  • Government Bonds
  • Exotic Assets (with a proviso***) such as:
  • Art and Collectables
  • Cars, Wine
  • Antiques, Jewellery

***The Main Issue is you cannot USE/Enjoy them YET – This would break the Sole Purpose Test and is a breach of the SIS Act – S62 & Reg 13.14.

Got questions? If you want experts who have years of helping others, without the hype – then call for a FREE strategy session today and also get your FREE Expert Guide – Self-Managed Super and YouTop right hand side above.

If you have any questions, why not give us a call – it’s FREE also!

No obligation. 0407 361 596, Paul.

Advertisements

About SuperBenefitnews

Self-Managed Superannuation Service Providers in Australia. SuperBenefit provides a wholistic SMSF assistance, education and administration service continuum - 1. “assistance” is help of whatsoever nature where our overall SMSF experience and knowledge enables us to provide assistance/help without any legal (or “license”) limitations. 2. “education” involves providing knowledge through teaching, coaching and mentoring about all matters SMSF, including (but not limited to) investment issues such as equities and property, 3. “administration” encompasses all admin aspects of legally required SMSF trustee and member record keeping including (but not limited to) audit and ATO matters. In keeping with our key point that SuperBenefit does not provide Financial Advice, where issues arise from 1, 2, and/or 3 above Indicate a need for a legally authorized provider (such as a Financial Adviser) and the client does not have their own service provider, the client can utilize SuperBenefit’s ‘Connect Assist’ … SuperBenefit, in itself, does not provide Financial Advice, but it does provide the wherewithal for great SMSF service. WE do not provide Financial Advice or any other service that requires a legally authorized provider. However, where such advice or service is required we have our ‘Connect Assist’, a SuperBenefit resource we use to connect clients to a Licensed Advisor or other legally authorised service provider. Call us 0407 361 596, no obligation FREE Connection call to see how we can help you!
This entry was posted in Masterclass SMSF, Super Tax, Superannuation General and tagged , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s