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Should your children be in your SMSF?

We all know that there are numerous advantages to having a self-managed super fund, such as greater control and the flexibility to tailor investment decisions. Increasingly though, there is a trend to promote self-managed super funds as a superannuation solution to meet the needs of an entire family. Whilst there are some benefits to using a SMSF for the whole family, it seems that generally, the downside of doing so outweighs the benefits. A recent article by Alexandra Cain in the Financial Review looks into the potential benefits as well as downsides to shed further light on this trend. Cain highlights that whilst parents are able to represent their children (who are under 18) who are in the fund, it is important to act in [...]

By | 2017-07-07T12:16:44+00:00 July 24th, 2015|Uncategorized|