Self-Managed Superannuation Funds

Self-Managed Superannuation Funds (SMSF) are super funds primarily used by famiies to grow their wealh

  • SMSF sole purpose test and fractional investments court decisionPreviously, it was thought that any benefit provided directly or indirectly to members or related parties of an SMSF from an investment would contravene the sole purpose test. However, a Full Federal Court decision has reframed the sole purpose test which will provide some flexibility to trustees on certain investments.