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I need to move to an SMSF, and want to make a direct investment in a private company. Any recommendations for web based or low cost SMSF providers?

2 months ago

Responses

Hi John,

There are many online who will set up an SMSF for you and do the annual compliance work for you. Typically you only get access to the cheap annual compliance work if you are investing in a limited scope of investments - private companies often don’t fit that scope, so check that before you commit to anything.

There are also very strict limitations on making investments in private companies that you are in any way associated with - search related party & in house assets. If you get this wrong the penalties are huge.

Good luck & be very careful.

Regards
James

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