Access to superannuation during economic crisis.
The government has announced that it will provide special access to superannuation benefits for individuals who have experienced a reduction in their income or have now become unemployed, retrenched or stood down. Currently a person can access part of their superannuation entitlements if they satisfy certain conditions under ‘compassionate grounds’. For example, in order to […]
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Renovating a property inside a SMSF
When can I renovate a property owned by my SMSF? How can I fund renovations of a property owned by my SMSF? Borrowing for repairs vs renovations/ improvements Self-Managed Superannuation Fund’s are allowed to borrow money to repair acquirable assets but are prohibited from borrowing money to improve acquirable assets. Hence, it is vital that […]
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