SMSF basics: Joining the DIY super club
Australia’s DIY super fund sector has emerged as the most financially powerful sector in the superannuation industry. As at 31 December 2010, self-managed super funds (SMSFs), as DIY super funds are officially known, controlled $421 billion of the $1.32 trillion held in super assets in Australia.
SMSF investment: Can my DIY super fund invest in direct property?
Q: I am interested in setting up a self-managed fund. I would like to know more about the rules for purchasing property in a super fund, and whether it is possible to use borrowings to do so. Could you recommend a book that would cover this in detail?
SMSFs: What books are available to help run my super fund?
Q: I’m finding many aspects of taxation to be quite difficult to understand. Terms such as “Tax free/ taxable component; Restricted, Preserved”. Is there one of your books that would be a useful guide to me in this undertaking?
