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 expertise: How do I find a SMSF provider?

Q: I would like to know who is the best SMSF specialist in my state, who I can get to do my SMSF audit and tax return, and give me the best advice on what to do in relation to running my SMSF.Unfortunately I am unable to assist you with specific recommendations, but we can provide you with some … [Read more...]

SMSF administration: Are there problems dealing with online trust deed providers?

Q: Thanks for the super site – it has been very useful for me as a trustee of my family SMSF. I have also bought your book, DIY Super for Dummies, which has been very informative and explained many issue in plain English. My question relates to updating the trust deed. I have looked at several … [Read more...]

SMSF investment: Franked dividends and the 45-day rule

Q: Could you please advise me if the 45-day holding rule applies to shares held in a SMSF when the fund has accumulated less than $5,000 in franking credits during the entire financial year?A SMSF must hold company shares for at least 45 days (plus the day of purchase and day of disposal) to be … [Read more...]

SMSF investment: Companies that pay fully franked dividends

Q: Can you tell me how you find a list of all ASX-listed companies that pay fully franked dividends?The question you ask is a very popular question and unfortunately the answer is no longer straightforward. A complete list of companies that pay franked dividends used to be available for the cost … [Read more...]

Transition-to-retirement pensions: Will TRIPs stay or will they go?

Q: It was reported on the radio that the government is going to "look" at transition to retirement strategies for middle and high income earners. Do you have any info on this? What would it mean to people who are already transitioning?A: Government ministers seem to make a lot of unofficial … [Read more...]

Death benefits: Is a binding DBN different from a reversionary pension?

Q: What is the difference between a binding death benefit nomination and a reversionary pension? Should a retail fund offer a reversionary pension option? The forms for my fund only mention binding death nominations.The terminology surrounding superannuation and death can be confusing and … [Read more...]

SMSF investment: Where can I find information about SMSF borrowing?

Q: I’ve just finished reading DIY Super For Dummies and found it really helpful. What interested me was the borrowing options for SMSFs. We already own a property in our fund and we are looking at using borrowings for financing our next fund purchase. In your book you mention a joint venture to … [Read more...]

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.A: A self-managed (DIY) super fund can invest in all types of property, including residential, … [Read more...]

SMSFs: What books are available to help run my super fund?

Q: Hello, I’ve just found your website and it looks as though it’s just what I need. I manage a SMSF for my wife and myself and, this year I am attempting to prepare our tax return myself using specialist software. I set on this course primarily because accountancy has become so expensive, and I … [Read more...]

SMSFs: Purchasing options is OK, and even sometimes CFDs

Q: Can a SMSF buy/sell call/put options? I understand that CFDs are not permitted because it breaches the charge over asset regulation. However, is that true that options are derivatives and in giving shares as a collateral (when writing options) to the Options Clearing House, it will be treated … [Read more...]