SMSF-small-business

Small business owners should know how to manage their own super. Source: Shutterstock

Finance
Artur Osadchiy

SMSFs explained: A definitive guide for small business owners

Authors
Artur Osadchiy
Business Advice
3 minute Read

Self-managed super funds are a tricky business, and with legislation constantly changing, it’s difficult to manage your superannuation as a small business owner. 

Here’s how to make it easier.

Supercharge your business growth

The arm’s length pinpoints the principles underscoring the actions of independent parties in a transaction, which in turn is used to determine the fairness of related party transactions. This involves transacting at a fair, market price, with both parties enjoying equal bargaining positions to reach an agreement and neither party is subject to each other’s control or dominance.

Related party transactions include all members of your fund as well as associates of those members. Most transactions between your business and your SMSF would be regarded as a related party transaction. 

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