Don’t end up with compliance issues just because private company shares seemed like a good investment at the time.
SMSFs investing in private and other unlisted companies always seems like a great idea. The fund gets the benefits of capital growth as well as dividends to help built retirement savings. But there’s a catch, related party acquisition of private company shares has its limits.
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Suited to SMSF advisers, accountants and professional advisers who have sound experience with SMSF administration and advice.
Graeme Colley is the Executive Manager, SMSF Technical and Private Wealth at SuperConcepts. In that role his responsibilities include the provision of technical and education services to private wealth clients, maintaining the company’s media and corporate profile and its advocacy with government.
Graeme has considerable taxation and superannuation experience gained from senior positions in the ATO, as an Assistant Commissioner of the Insurance and Superannuation Commission, ING as well as leading fund managers and consultants. He is a joint author of the CCH Master Financial Planning Guide.
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