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Can my SMSF provide me personally cash?
No. Your SMSF cannot provide you or all of your family relations cash. Causeing the kind of loan should be prevented: it is maybe not a means of lawfully accessing super early via an SMSF.
Area 65 for the SIS Act forbids superannuation funds, including SMSFs, from supplying monetary assist with people or their loved ones.
The trustee or a good investment supervisor of the regulated superannuation fund (SMSF) should never:
- provide cash of this investment to:
- a part of this fund; or
- a member of family of a user associated with the investment; or
- provide some other economic help utilizing the sourced elements of the investment to:
- a part associated with the investment; or
- a family member of a user associated with the investment. Continue reading “Can my SMSF loan cash in my experience or my company?”