×
To use this feature, you need to log in to your account.
Don't have an account yet?
Create an account.
×
To use this feature, you need to log in to your account.
Don't have an account yet?
Create an account.
Generally you can't lend money or provide direct or indirect financial assistance from your fund to a member, or a member’s relative.
Loans made by your SMSF must comply with your investment strategy. Where a loan arrangement isn’t in your members' best financial interests, your SMSF could be made non-complying and ineligible for concessional tax rates.
Get professional advice before entering into loan arrangements. If you decide to lend money from your SMSF, make sure the loan is conducted on a commercial, arm's length basis.
Remember: Be cautious of scammers suggesting you can access your super early through a loan.
Last modified: 25 Nov 2024
Running a self-managed super fund (SMSF)
Steps | Progress | |||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
What is an SMSF? |
3 mins | |||||||||||||||||||||||
Your obligations when running an SMSF |
1 mins | |||||||||||||||||||||||
Contributions and rollovers |
1 mins | |||||||||||||||||||||||
Contributions |
6 mins | |||||||||||||||||||||||
Rollovers |
6 mins | |||||||||||||||||||||||
Managing your fund’s investments |
36 mins | |||||||||||||||||||||||
|
||||||||||||||||||||||||
Paying super benefits |
8 mins | |||||||||||||||||||||||
Types of benefits |
18 mins | |||||||||||||||||||||||
|
||||||||||||||||||||||||
Reporting and administration |
1 mins | |||||||||||||||||||||||
Understand how your fund is taxed |
5 mins | |||||||||||||||||||||||
Value your fund’s assets and prepare financial statements |
2 mins | |||||||||||||||||||||||
Arrange and receive an SMSF audit |
7 mins | |||||||||||||||||||||||
Lodge your SMSF annual return (SAR) |
4 mins | |||||||||||||||||||||||
PAYG withholding obligations |
4 mins | |||||||||||||||||||||||
Reporting transfer balance cap events |
3 mins | |||||||||||||||||||||||
Record-keeping requirements |
2 mins | |||||||||||||||||||||||
Notify the ATO and ASIC of changes |
2 mins | |||||||||||||||||||||||
Consider professional advice |
2 mins | |||||||||||||||||||||||
Help and more information |
3 mins | |||||||||||||||||||||||
|
||||||||||||||||||||||||
Related courses |
1 mins | |||||||||||||||||||||||
Course Feedback |
||||||||||||||||||||||||