Smsf

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Dr Lobster, 17th Aug, 2006.

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  1. Dr Lobster

    Dr Lobster Well-Known Member

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    I am considering a SMSF in the future to allow me to trade shares.

    Is it possible to have a SMSF partly invested in managed funds and the balance actively trading the share market ?
     
    Dr Lobster, 17th Aug, 2006
    #1
  2. Redwing

    Redwing Well-Known Member

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    hmm no one else has answered, so i will...Yes
     
    Redwing, 20th Aug, 2006
    #2
  3. TryHard

    TryHard Well-Known Member

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    Hey Dr Lobster - you would need to make sure the fund's Investment Strategy reflected what it is and isn't allowed to do. As long as you can show you're trying to generate wealth for its members, its my understanding the fund can pretty much do anything other than borrow money

    Cheers
    Carl
     
    Last edited by a moderator: 21st Aug, 2006
    TryHard, 21st Aug, 2006
    #3
  4. NickM

    NickM Well-Known Member

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    Dr Lobster
    Try HArd is right.

    The ATO take a dim view to a SMSF "in business" but i think you will find that share trades are generally ok.

    I understand that they do not liek day trading, fx trading etc in a SMSF but i am not aware of any cases that have been tested yet.

    NIckM
     
    NickM, 21st Aug, 2006
    #4
  5. Richard Taylor

    Richard Taylor Well-Known Member

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    When managing a SMSF or Small APRA Fund (SAF) the trustees must be aware of the various investment restrictions. These restrictions are designed to protect the members benefits.

    The Trustee of a superanuation fund must formulate an investment strategy after considering all the relevant factors.

    These include but are not limited to

    * risk and return
    * diversification
    * liquidity
    * ability of the fund to discharge its liabilities
     
    Richard Taylor, 25th Oct, 2006
    #5