SMSF Pension Phase

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2 Comments

  1. Peter Lumley

    my friend put his SMSF into pension phase back in 2012. As part of his drawdown he decided to live in the residential property owned by the fund instead of renting it out & receiving rent by way of pension payment from the fund. Is this an appropriate strategy ?

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    • Chris Strano

      Hi Peter, no. Pension payments must be paid out the the pension recipient in cash and, under the sole purpose test, residential properties owned by SMSFs are unable to be rented to related parties.

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