SMSF Q and As

If you’re considering setting up a self-managed super fund (SMSF), or you already run your own SMSF, then this section provides easy-to-understand answers to the most popular questions we receive on SMSFs (also known as DIY super funds).

Set out below are all SuperGuide articles explaining SMSF Q and As.

SMSF basics: Can I run two super funds? (2 questions)

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1. Running two DIY super funds Q: My wife is 58 and retired and she has her own self-managed super fund, where she has rolled over her super funds from various employers. She plans to start her SMSF pension soon. After starting her pension, could she also start another SMSF fund? A person can … [Read more...]

SMSF pension: After making super contributions, when can I convert to another pension?

Q: I am 67 and work part time, so I qualify to make concessional contributions to our SMSF. I am already receiving an account based pension from my SMSF. The new contributions I make will have to go into an accumulation account. How long do I have to wait before our SMSF can pay another account … [Read more...]

SMSF pensions: Stick with original tax-free and taxable components

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Q: I recently read your book on DIY Super for Dummies and picked up a number of useful hints. Thanks for writing it. My wife and I have only recently established a SMSF and are on a steep learning curve. We are in the pension phase. Both of us have a large tax-free component and a smaller taxable … [Read more...]

Is property a good investment for your SMSF?

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Over recent years, I have lost count of the number of times I have been asked whether I think property is a good investment for an SMSF. The question (is property a suitable investment for an SMSF?) is an important one, and the need to ask such a question by readers, associates and even friends … [Read more...]

SMSF borrowing: Investing in property (what’s OK and NOT OK)

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If you run a self-managed superannuation fund, you can invest in all types of real property, including residential property, commercial property, industrial property and even a farm (under certain circumstances). Before September 2007, the capacity to use borrowed money to purchase an SMSF asset, … [Read more...]

SMSF basics: Can my DIY super fund buy my residential investment property?

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Q: I own a unit as an investment property. I would like to keep this unit as long as possible. The unit is a safe income stream and a safe haven against market uncertainty. However, if I have to sell it later, I won’t be able to put the money into my SMSF because of the work test (as it is virtually … [Read more...]