self managed super, page-33

Redmoon,
Great post. Only thing I would build on is this statement;

"1) dont lend money to yourself, business, family....in fact just dont lend money. Pretty obvious I would have thought."

Loans are a perfectly acceptable asset as far as I am aware. If you do write a loan however and it is to a related party (i.e. family, friends etc...) then the value of the loan cannot exceed 5% of the value of the fund as it is classed as an in house asset. I agree that the best way to manage this is not to hold any in house assets at all. Loans to others on a commercial arm's length basis should be ok as far as I am aware.

Also for those that don't want the hassle of an SMSF the cost of WRAP accounts these days is generally quite reasonable (most will allow investments into ASX 300 or 400) although can vary. Not my cup of tea, but there is a place for them if you hate paperwork and admin and only want top 300-400 companies.

Cheers,

JT