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Conor is a trustee for his SMSF. There are several members, one who is in their early 20’s and the remaining are over 55. He is reviewing his SMSF investment strategy. He has been presented with the option to invest in property with the potential for longer term pay off.
What are some of the things Conor should consider? (Select all that apply)
- Whether it’s adding to the variety of investments in the fund
- The level of risk with this investment
- The employment status and retirement needs of the SMSF members
- Whether the investment will help grow the SMSF’s retirement savings
- The age of the SMSF members
When weighing up the investment option, Conor should also ensure that the reason for his investment decision isn’t to provide him or anyone else a present-day, non-retirement benefit.
- True
- False
For more information, see investment strategies on the ATO website.
Running a self-managed super fund (SMSF)
Steps | Progress | |||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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Paying super benefits |
8 mins | |||||||||||||||||||||||
Types of benefits |
18 mins | |||||||||||||||||||||||
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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 | |||||||||||||||||||||||
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Related courses |
1 mins | |||||||||||||||||||||||
Course feedback |
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