Breach the SMSF access rules and the penalties are high


I understand the temptation is there and it may seem a simple matter, after all the money is yours so you might think you are clever and that you will get away  with it but the ATO and its systems are getting better at tracking and challenging those that breach the rules. It may be the most costly access to funds  you have ever incurred.

Here is an example of how it can all go wrong: (more…)

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