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8 Comments

  1. Viral Shah

     /  August 1, 2017

    Hi Liam,
    There is a situation where a property needs to be removed from a SMSF in-specie. Have both pension as well as accumulation accounts. How can this be achieved? Is it mandatory to physically transfer the cash or can the property be transfer as just a pension drawdown?

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    • Viral, As always seek personal advice but in general a property can be transferred from the fund as a lump sum in-specie pension commutation (Lump sum withdrawal). It cannot be a normal pension payment as that must be on cash.

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  2. Vick

     /  July 28, 2017

    Im confussed on the contribuation one i know the salary sacrifice limit for example my husband earns 4000 .00 gross a wk. we get 400.00 taken out a wk for salary sacrifice that leaves 3600.00 left can we get his enployer to put fhat to our super as a conitrubuation every wk and does that get taxed at the full rate before it goes to super who taxes it the boss or super can u do this he is age 63 please explain

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  3. David More

     /  September 24, 2016

    Hi Liam,
    Can you transfer a parcel of shares out of the SMSF In Specie. I may need this with the new pension limits of $1.6M in pension mode.
    Thanks
    David

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  4. Elizabeth Christodoulou

     /  June 2, 2016

    Yes I have a further question about the in-specie contribution above. Does the contribution have to reflect in the accounts the exact % ownership of the tranferors. Case 1: Mum and Dad owned the factory Case 2: only Mum was the owner of the factory Both Mum and Dad are company directors of the business.

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    • Yes to,get the stamp duty concession. Then property must be transferred for the sole benefit of the transferring owner. Must be written in to the deed. Seek, legal advice for your state.

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