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last updated Aug 2023
As this is your first time creating an SMSF Deed using Cleardocs, here are answers to common legal questions. They are provided by our lawyers, Maddocks.
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Generally speaking, there are certain requirements for an SMSF to qualify for superannuation tax concessions are:
There are some limited exceptions to numbers 2 and 3 above.
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Remember, the law says that trustees of an SMSF cannot receive payment from the SMSF for duties or services performed in relation to the SMSF.
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Consider the following steps in consultation with a lawyer:
Maddocks provides a specialist service for lost SMSF deeds. Call Cleardocs on 1300 307 343 and we will put you in touch with a lawyer at Maddocks who can provide a free quote. The process will involve Maddocks adapting the Cleardocs document package to suit your situation.
Yes, however there will likely be serious tax consequences if members of the fund reside overseas for an extended period (i.e. more than 2 years).