smsf sole purpose test

Overview of the sole purpose test on SMSF

Sole Purpose Test On SMSF [Overview]

SMSF must meet the ‘sole purpose test’ to avoid penalties When commencing any self-managed superannuation fund (SMSF), there is one over-riding expectation that newly trustees should come back to again and again — that their fund must meet the sole-purpose test. This is not only to maintain access to the various tax concessions available, but […]

Sole Purpose Test On SMSF [Overview] Read More »

SMSF Tax Deductions

What tax deductions can your SMSF claim? SMSF Sole Purpose Test The sole purpose test is a fundamental that SMSF trustees should keep in mind — that is, every decision made and action taken must be seen as being undertaken for the sole purpose of providing retirement benefits for the fund’s members. If an SMSF

SMSF Tax Deductions Read More »

Scroll to Top
Call Now Button