SMSF Investment Strategy Diversification Requirements

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SMSF Investment Strategy Diversification Requirements

The Australian Taxation Office (ATO) has recently issued correspondence to self-managed superannuation fund (SMSF) trustees who hold greater than 90% of their assets in a particular asset category, stating that the diversification section of the Superannuation Industry (Supervision) Regulations 1994 (SIS act) must be considered.  In most cases, the asset in question is commercial and non-commercial real estate.

Whilst the ATO limited the correspondence to these trustees, it is noted that all SMSF trustees should consider diversification when formulating their investment strategy. Click here to read our latest newsletter, which outlines what all trustees need to consider in terms of their investment strategy to remain compliant.

Click here to read more – SMSF Investment Strategy Diversification Requirements

Any financial product advice provided in this correspondence is provided by Williams Hall Chadwick Superannuation Services ABN 16 618 501 652 (Authorised Representative No. 12544354) as an authorised representative of Williams Hall Chadwick Licensing Pty Ltd ABN 19 609 530 921 (AFSL No. 485173). The advice provided is general in nature and is not personal financial product advice. The advice provided has been prepared without taking into account your objectives, financial situation or needs and because of this you should, before acting on it, consider the appropriateness of the advice having regard to your objectives, financial situation and needs. You should carefully read and consider any Product Disclosure Statement (PDS) that is relevant to any financial product that has been discussed before making any decision about whether to acquire the financial product.

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