Have you got a Self-Managed Super fund, but don't fully understand the rules?
Self-Managed Super Funds can give you more control; but they also come with serious responsibilities.
In this episode, Nathan and Jordan unpack what it really means to be a trustee. From the duty to act with honesty and diligence, to the sole purpose test, to record-keeping and audits, they explain the key obligations and common mistakes that catch people out. If you've got an SMSF, or are thinking about starting one, this episode is essential listening.
You can also get more informatino on SMSFs from the ATO here: Self-managed super funds | Australian Taxation Office
And The ATO have education here: Self-managed super fund education products | Australian Taxation Office
Nathan:
Jordan:
The information contained in this podcast is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.
Jordan and Nathan are both authorised representatives of PlanningSolo Licensing, AFS Licence 526143.
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