www.esuperfund.com.au

Loans


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Loans to any Person or Entity

Clients of ESUPERFUND are not allowed to lend money from their SMSF to any person or entity irrespective of whether the loan is on commercial terms. In most cases it is actually illegal to lend money from a SMSF to a Fund Member (or an associate of a Fund Member by blood or marriage) or to an entity associated with a Fund Member. Determining if the loan is within or outside the Super laws, whether the Loan is to a Fund Member or associate of a Fund member (which is complex to determine), whether loan agreements exist and if they do reviewing these loan agreements and determining if the terms are being adhered to and do not contravene Super laws is a difficult and time consuming process. This added level of complexity is outside the scope of our low cost model offering.