SMSF’s In-house asset breaches up

The drop in investment values has caused problems for many self-managed superannuation funds with in-house assets. Partners Superannuation Services research has revealed 11.25 per cent of self managed superannuation funds (SMSFs) breached in-house assets limitations during 2008. Under the Superannuation Industry Supervision (SIS) Act, an SMSF is not allowed to hold in-house assets that total more…

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