SMSF – Loans And Early Access

The purpose of a Self Managed Super Fund (SMSF) is to provide retirement benefits, and there are strict rules for accessing super. It is not allowed to provide financial assistance or lend money to a member or relative, even with interest, or withdraw funds before meeting a condition of release. Failure to comply with the rules can result in losing tax benefits and disqualification from being a trustee. For further information or questions, it is recommended to consult with an advisor or the Australian Taxation Office (ATO).