Redwood Advisory SMSF
Short answer is “Yes”, you can, under certain conditions. A short example will be used to explain the answer. One of our clients called us in a state of panic recently, explaining how he had paid our SMSF administration fee with a personal credit card instead of paying from the SMSF. He contacted…
read moreIt is imperative for all members/ trustees to understand the concessional and non-concession contribution caps for an income year. Concessional Contribution Cap Concessional contributions include employer contribution and personal contributions claimed as a tax deduction by a self employed person. For the 2013-14 income year the amount of concessional cap is $25,000.…
read moreThere has been significant press around Self Managed Superannuation Funds (“SMSF”) and Australian Property investment recently. It is arguable that every bank is jumping on the SMSF Property bandwagon with every bank now marketing a SMSF loan product. Regardless of whether you choose to use a third-party loan, a related party loan, or a combination…
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