Can I draw money out of my SMSF?

Can I draw money out of my SMSF?

Can my SMSF lend me money? The short answer is no. Your Self Managed Super Fund (SMSF) cannot lend money to you or any of your relatives; the SIS Act, in Section 65, states that superannuation funds (including SMSF’s) are not permitted to provide financial assistance...

Defamation and Social Media

 Watch what you post on Social Media If you have a Netflix subscription, chances are you’ve probably either watched or heard about ‘The Social Dilemma’. The popular Netflix Documentary highlights the problems with Social Media, focusing on how social media companies...

JobMaker Hiring Credits – FAQ’s

The JobMaker Hiring Credit – Your Questions Answered Over the last two weeks, we’ve received a number of questions concerning the JobMaker Hiring Credits. We’ve compiled this list of frequently asked questions and put them all here together. When does the...

JobMaker Plan – An overview

Last week, as part of the Federal Budget, the Australian Government announced its $74 billion JobMaker Plan, designed to support a stronger economic recovery and bring more Australians back to work. In essence, the JobMaker Plan is made up of 6 key elements: Lowering...

Extensions to JobKeeper

What to know about the latest extensions to Job Keeper The Australian Government JobKeeper Payment has been extended. If you haven’t yet assessed your turnover position, you still have time. Here’s what you need to know:   The required fall in GST turnover...