National Conference 2022
With the 2016 Budget changes limiting the ability to make contributions to super, it is harder than ever to build wealth in an SMSF. It is therefore critical that SMSFs utilise prudent asset protection strategies to keep assets safe during difficult times, enabling assets to be retained in a concessionally taxed environment for payment as a pension or lump sum later.
This session will look at the options and structures available to SMSFs to increase the asset base and the prudent steps you should take to protect assets held in an SMSF.
At the end of this session, you will be able to:
- Understand the benefits and downsides of various structuring and funding models;
- Be aware of the rules and restrictions that apply to SMSF direct and indirect borrowings, and;
- Apply practical steps to take to reduce the risk with certain structuring arrangements.
The contents of this resource are taken to be correct at the time of publication.
Disclaimer: Technical Papers contain general advice only and are prepared without taking into account particular objectives, financial circumstances and needs. The information provided is not a substitute for legal, tax and financial product advice. Before making any decision based on this information, you should assess its relevance to the individual circumstances of your client. While the SMSF Association believes that the information provided is accurate, no warranty is given as to its accuracy and persons who rely on this information do so at their own risk. The information provided in this bulletin is not considered financial product advice for the purposes of the Corporations Act 2001. © SMSF Association