Frequently Asked Questions

The following is a brief overview of some frequently asked questions we receive in relation to self-managed superannuation. If you have additional questions please do not hesitate to contact us directly. Please note that we are not able to provide you with financial advice, however, we are able to provide factual information.
If you are under the age of 65 there are no restrictions on making contributions to superannuation or having contributions made on your behalf by another person or entity.

For people aged between 65 and 69 SMSFs can accept mandated employer contributions, e.g. Super Guarantee contributions.  SMSFs can also accept personal, spouse and voluntary employer contributions where the member has worked at least 40 hours in a 30 day period within the financial year.

Members aged between 70 and 74 can have employer contributions paid to a superannuation fund in respect of a certified agreement or industrial award only.  Personal contributions can also be made where the member has worked at least 40 hours in a 30 day period within the financial year.

Members 75 years of age and over can only have employer contributions which relate to certified agreements or industrial awards paid to a superannuation fund.

Changes to superannuation laws in late 2007 allow SMSFs to borrow to fund investment purchases in certain instances.  These borrowing arrangements must comply with strict requirements of superannuation law.  Professional advice should be sought before entering into any borrowing.  My Own Super Fund can assist clients in establishing the necessary arrangements.  Please contact us if you would like any additional information.

No.  Under no circumstances can a super fund lend money to fund members or any of their family.

Yes, if the shares are listed on a recognised stock exchange and are transferred at market value.