Do know the asset-protection advantages of SMSF property

Assets held in a super fund are legally inaccessible to trustees in bankruptcy – provided contributions or asset transfers were not made with the “main purpose” of avoiding creditors.

This makes super such a prized method of asset protection, particularly as there is no dollar limit on the protection.

Many small-medium business owners, for example, place their busines spremises in an SMSF partly as an asset protection strategy.

Take the example of husband-and-wife business partners who currently own business premises in their own names.

Depending upon the circumstances (including any professional advice received), this couple may decide to either sell the property to their SMSF at market value or make a non-cash contribution of the property to the fund.