Tag Archives: Interest

Advisers risk ‘derrières’ on SMSF loans

Advisers are risking litigation if they recommend  to their self-managed superannuation fund (SMSF) clients, a specialist lawyer has warned. Townsends Business & Corporate Lawyers principal Peter Townsend said that “if I were a financial planner wanting to cover my derrière, I would be ensuring that […]

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Agreed interest on SMSF loans must be paid

  Self-managed super funds (SMSF) must pay the full interest amount on related party loans no matter what rate is charged or risk having the expense treated as a contribution, according to a legal specialist servicing the superannuation industry. “If your documentation states the [related […]

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