1.6M limit on SMSF

We have a Freehold Commercial property in our SMSF, and it provides $60k of Tax free Income PA. The property is worth 1-1.3 M. We also hold further cash and some shares in the SMSF, which is in pension phase.

If we only have a single Corporate trustee, does this mean that we are exceeding the new proposed 1.6M limit, per person, and will have to reduce our holdings?

A: Thanks for the question.

Probably not. It will depend on what the balances are per member.

If any member has more than $1.6m in pension phase, then you will need to reduce, or rollover this money back into an accumulation account (within your SMS).


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