Christmas Strategy No 1 - Family Super first not SMSF
Christmas is a time when thoughts turn to family. Yet many SMSFs are run as simple investment vehicles with no thought of how a family can benefit from aggregating their super balances into a powerful Family Super Fund. For example, rather than let a SMSF die when Mum and Dad depart, give the children a legacy with tax losses courtesy of an anti-detriment payment. Or start a SMSF property portfolio with the use of borrowings and the younger member's on-going contributions plus rent to pay the property off for the benefit of the fund. Think Family Super not SMSF!
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