What Else Can Your SMSF Invest In?
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  Running Time: 5:31 Date: 01/12/2011 If you're wary of the stock market, there are other things your SMSF can invest in - but the rules are quite onerous. For people trying to build up their Self-Managed Super Funds, but also trying to avoid an over-reliance on the stock market, there are other investments allowed by the Tax Office. But, as Michael Jones from Cummings Flavel McCormack explains, new rules which took effect in July 2011 apply restrictions to a list of assets, including paintings, wine collections, jewellery and other collectibles. The restrictions concern related-party transactions over the assets, andways in which they must be stored and insured. Many may find the restrictions too onerous and prefer to sell any such assets they now hold - they can do so without penalty up until July 2016. Topics: Accounting & Tax |
 Michael Jones, Cummings Flavel McCormack |