When you make payments into a self-managed superannuation fund (SMSF) they are classified as either concessional contributions or non-concessional contributions. The limits for both vary considerably, and the taxes that apply are significant when you go over the limits so it is important that you understand what they are about.
Self-Managed Superannuation Funds (SMSF) have become increasingly popular over recent years because they offer greater control. This increased control means you can make the fund work better for you. But that control also means you have more responsibilities and, if you fail in those responsibilities, penalties can be applied.
Over recent years Self-Managed Superannuation funds have become incredibly popular. They give you greater control over your super, which can help you make your money work better for you and your family. With this increase in popularity has come a growing interest in property investments. Those investments are not without their difficulties, however.
The simplest answer to the question of when you can access your Self-Managed Superannuation Fund (SMSF) is when you retire and you are at least 60 years old. But there are other things to consider as well, including some special circumstances that allow the money to be released earlier.
