SMSFs (Self-managed super funds)

The SMSFs section is for Australians running self-managed super funds (SMSFs), covering the current issues facing SMSF trustees, setting up a SMSF, how to run a SMSF, investing your DIY superannuation money, getting financial advice, and special SMSF rules such as investing in property.

This section also includes a special section called SMSF basics.


Below are some of our key SMSF articles:

Set out below are all SuperGuide articles explaining SMSFs (Self-managed super funds).

SMSFs: What is the proportioning rule?

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Q: I have come across a statement which refers to a proportioning rule. Could you please explain to me exactly what the proportioning rule is, who it applies to and when it applies, and how you do the calculations for a SMSF? The short answer is: the proportioning rule is a mechanism to calculate … [Read more...]

I’m retired. Can I make super contributions?

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Q: If I have retired from work and later on inherit a reasonable sum of cash, can I make a non-concessional contribution into my superannuation fund? OR is that only permitted while I am working, regardless of my age? A: For the benefit of other readers, I will first explain the meaning of a … [Read more...]

Two-way traffic! Finally, one fund helps move super from NZ to Australia

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An Australian super fund is now accepting transfers from New Zealanders hoping to transfer their KiwiSaver accounts to Australia. Let’s hope that many more super funds follow, but in the meantime, WA Super is the only Australian super fund offering this service, and it is awaiting your KiwiSaver … [Read more...]

New rules: SMSFs and life insurance

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Q: I am a self-employed businessman with my own SMSF. I would like to know if I can arrange insurance (s), for example, death cover etc through my fund with the premiums paid from the fund. Could you recommend any companies that may supply these services? The short answer to your first question … [Read more...]

SMSF: If I die young, will my wife pay super tax on the life insurance payout?

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Q: I have a life insurance policy owned by my SMSF worth approximately $2 million. Currently there is only about $80,000 accumulated in the fund. I am 40 years old. If I die tomorrow is my wife able access an income stream from the fund tax-free? For instance, upon my death if this $2 million was … [Read more...]

SMSFs: Can I transfer my life insurance to my DIY super fund?

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Q: I have searched the ATO site to determine if we can have our SMSF pay life insurance for members. I am unable to find whether these things are arm’s length in regard to existing policies or not. There seems no writing to assist with a transition of these items into the fund and then the fund … [Read more...]

Estate planning: Dear Dad, Tax for everything

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If you plan to leave your super to your adult children when you die, your death benefit may be hit with benefits tax, even though you would have received that benefit tax-free (if aged 60 or over) while you were alive. The reason for this inconsistency is that death benefits paid to individuals … [Read more...]

Estate planning: Beware the dastardly death tax

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Although superannuation death benefits are tax-free when paid to individuals considered ‘dependants under the tax laws, a ‘death tax’ continues to apply when super monies are paid to individuals considered ‘non-dependants’ under the tax laws’. Any of your children aged 18 or over, who can’t prove … [Read more...]

How can a SMSF live forever?

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Q: It has been suggested, that a family self-managed super fund (SMSF) can become a multi-generational tax haven, which can go on into perpetuity, provided that you establish a special corporate trustee, as well as an SMSF Will. I thought that the super money could not remain in the fund … [Read more...]

SMSFs: Is DIY super right for you?

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Running your own super fund is not necessarily a difficult task but you need to keep your wits about you. You may hear a lot a noise about DIY super, and sometimes from people who know nothing about super. Your best defence against bad advice is to start with your own research. The term, DIY … [Read more...]