TAX TIP - SMSFS and Dealing with an Investment Strategy Trustees of an SMSF must formulate, regularly review and give effect to, an investment strategy. An investment strategy is basically a plan for making, holding and realising assets of the SMSF. It is important to remember that a duty to formulate an investment strategy applies regardless of whether the trustee/s invests directly or indirectly through investment managers and advisers. In addition, failure to comply with prescribed operating standard may result in a monetary fine upon conviction for the trustees of an SMSF (of potentially up to $17,000). Please contact us should you have further questions regarding your SMSF investment strategy.
Posted on: Fri, 12 Sep 2014 11:30:48 +0000