SMSF Trustees who have established a limited Recourse Borrowing Arrangement(LRBA) with a loan from a related party should ensure the terms of the loan are made on an arms-length basis by 30 June 2016. Where the terms of the loan and the ongoing operation of tContinue Reading...
related party Tags - Watkins Financial Services
1. Increase to SG Contributions The minimum employer superannuation guarantee contribution increased from 9% to 9.25%. 2. Higher Concessional Contributions Cap For those aged over 60 and over at any stage during the 2013/14 Financial YeContinue Reading...
As borrowing to purchasing property through Self Managed Super Funds (SMSFs) becomes more popular, I believe there are certain areas that need to be addressed. A particular area that I have been asked recently is can an SMSF borrow money to purchase a propertyContinue Reading...