Family trusts and self-managed super funds (SMSFs) have a lot to offer Australians as wealth transfer and management tools. Family trusts and SMSFs carry their own benefits and disadvantages in providing a way to transfer and manage your family’s wealth. By weighing up the points of difference, you can choose the most appropriate option for
Strict investment rules govern how trustees can acquire assets through self-managed super funds (SMSF) from related parties. When it comes to acquiring an asset from a related party, a trustee must ensure it is an ‘arm’s length transaction’, in other words, the asset is purchased at market value. This means ensuring it is also: •
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