Labor's proposed LRBA ban causing SMSF strategy roadblocks

In April 2017, Labor announced it would restore the general ban on direct borrowing by superannuation funds as recommended by the Financial System Inquiry.  

The lack of detail surrounding the proposal is making it difficult for SMSF clients to implement strategies, particularly the purchase of business premises through their SMSF, says Chris Morcom. Read the full article here

 

Hewison Private Wealth is a Melbourne based independent financial planning firm. Our financial advisers are highly qualified wealth managers and specialise in self managed super funds (SMSF), financial planning, retirement planning advice and investment portfolio management. If you would like to speak to a financial adviser on how you can secure your financial future please contact us 03 8548 4800, email info@hewison.com.au or visit www.hewison.com.auPlease note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.