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28/01/2017

In-house asset rule – but you can lend money to a cousin

Your Super Fund can't lend money to a 'related party': Superannuation Industry Supervision Act 1993 (SIS Act). This is the in-house asset rule. The ATO does not want you or a 'related party' to gain a benefit from your SMSF. The wealth in your SMSF is for your retirement only. […]