As your administrator we are here to explain SMSF rules in plain English. You will have access to technical expertise whenever you need it.

 

Rules1

Sole Purpose Test

Download PDF

Your SMSF needs to meet the sole purpose test. This means your fund needs to be maintained for the sole purpose of providing retirement benefits to your members, or to their dependants if a member dies before retirement. As a trustee, you need to maintain your SMSF so that it complies with the sole purpose test at all times while your SMSF exists, including when investing fund assets and paying benefits upon retirement of members.

 

Rules2

Basic Investment Rules

Download PDF

Investments – What can I do? The answer to this question is to find out what you cannot do. This document covers what a superannuation fund cannot invest in due to the legislation. You must also ensure that your investments are allowed by your fund’s trust deed and your fund’s investment strategy.

 

Rules3

When Can I Access Superannuation?

Download PDF

Generally, you must reach your preservation age before you can access your super. This document describes the various conditions that must be met in order for you to access your super. These include: Preservation, Conditions of Release, Transition to Retirement Pensions, and Accessing Your Super Before You Retire.

 

Rules4

Trustee Structure

Download PDF

A SMSF is a trust and must have either a corporate trustee or individual trustees. This document describes the structures of Corporate Trustee, Individual Trustees, and Eligibility For Trusteeship.

 

Rules5

Basic Contribution Rules

Download PDF

Who can contribute? This document gives an indication of whether or not a contribution can be made for a person based on their age. Please note that there are limits on the amount of contributions a superannuation fund can accept – if these are exceeded heavy tax penalties can apply. The rules surrounding the acceptance of contributions and tax consequences of making contributions are quite complex – you should consult a superannuation specialist before making a contribution to your SMSF.

 

Rules6

Reversionary Pension VS Binding Death Benefit Nomination (BDBN)

Download PDF

  • What is a reversionary pension?
  • What is a BDBN?
  • Which is best?
  • What happens if I have neither?

 

 

 

New to SMSF?

 

 

 

Check out our free resources and then use our online application form.

 

 

 

Existing SMSF

 

 

 

You can get a free health check and we can go through your options with your existing SMSF.

 

 

 

Info for Experts

 

 

 

Are you a Financial Planner or an Accountant looking for expert back-up? We will answer your questions.

 

 

 

Newsletters

 

 

 

Download our latest newsletter, it’s full of current news & up to date information.

 

Having your own self managed superannuation fund is easy

Our website will help answer some of your questions, but please call us on 07 3808 1500 if you want to talk to a “real” person and discover the best options for you.

CONTACT US
Superannuation Services