Superannuation is now an important part of all wealth-building and retirement strategies. For many business owners, farmers, executives and professionals, the “do-it-yourself” or “private” super fund now sits alongside the family trust as a key investment structure.
DIY funds long ago ceased to be the exclusive preserve of the elite.
However, DIY funds are not you ordinary type of investment vehicle. The real and significant tax and wealth preservation benefits come with a real and significant cost – the cost of compliance.
The consequences of failing to comply with the law are onerous, both for the members of the fund, and also their advisers. For example, potential criminal sanctions apply to certain acquisitions, uses and ultimate access to fund assets, as well as certain borrowings by the fund.
We have been providing high-level technical advice and assistance to DIY fund trustees and their advisers for over 15 years. We have followed the developments in fund investment regulations over the years, and were one of the first practices to offer a compliant borrowing structure for DIY funds after September 2007.
Please call us on 1300 654 590 to learn how we can assist you.
