contact CFL Financial

send us a message

CFL Financial client login Client Login
CFL Financial on Facebook Facebook/cfl.fp
CFL Financial location Level 9, 360 Queen Street Brisbane, QLD 4000
fax CFL Financial 07 3328 8999
phone CFL Financial 07 3328 8988
Email CFL Financial mail@cflfinancial.com.au

Don't forget your
free guides!

Retirement-in style

Retire in style checklist™

There are a few reasons why Business Owners need a Retire In Style Checklist

If you’re a successful and Motivated business owner, and want to set yourself up for retirement, this guide would be perfect for you. My clients who follow these 3 simple steps live with comfort, security and the peace of mind that financial success brings.

Retirement-prosperity-thumbnail

The Retirement Prosperity Guide™

Make sure you don’t miss out on the Retirement Prosperity Guide

If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.

SMSF must pay full interest amount

Posted on Aug 21, 2012 by CFL Financial

In regards to related party loans, Self-managed super funds (SMSF) must pay the full interest amount,  despite  the rate charged or risk having the expense treated as a contribution.

If the below market rates of interest could be charged on related party loans to SMSFs it’s just that the agreed rate of interest had to be paid.  For example, the related party loan is at 6 per cent, the trustee must pay 6 per cent interest.

In other superannuation news the Federal Government has enacted the regulation allowing certain excess contributions to be refunded to fund members.

Under the new rules announced in the 2012 budget a breach of the concessional contributons caps of up to $10,000 may be refunded to eligible individuals.

SMSF must pay full interest amount

Posted on Aug 21, 2012 by CFL Financial

In regards to related party loans, Self-managed super funds (SMSF) must pay the full interest amount,  despite  the rate charged or risk having the expense treated as a contribution.

If the below market rates of interest could be charged on related party loans to SMSFs it’s just that the agreed rate of interest had to be paid.  For example, the related party loan is at 6 per cent, the trustee must pay 6 per cent interest.

In other superannuation news the Federal Government has enacted the regulation allowing certain excess contributions to be refunded to fund members.

Under the new rules announced in the 2012 budget a breach of the concessional contributons caps of up to $10,000 may be refunded to eligible individuals.

Download Your Free Guides Here
(Mouse over the image to find out more!)

Retirement-in style

Retire in style checklist™

There are a few reasons why Business Owners need a Retire In Style Checklist

If you’re a successful and Motivated business owner, and want to set yourself up for retirement, this guide would be perfect for you. My clients who follow these 3 simple steps live with comfort, security and the peace of mind that financial success brings.

Retirement-prosperity-thumbnail

The Retirement Prosperity Guide™

Make sure you don’t miss out on the Retirement Prosperity Guide

If you’re a busy Professional and you feel like you’re not building your wealth fast enough and you want smarter ways to utilise your cash flow, this guide is perfect for you. Clients who have used our strategies have the peace-of-mind knowing they have a ‘game plan’ for financial abundance.

Schedule An Appointment With Us

contact us

Email:
Phone: 07 3328 8988
Fax: 07 3328 8999

Office Location:
Level 9, 360 Queen Street
Brisbane
QLD 4000

Postal Address:
GPO Box 2468,
Brisbane,
QLD, 4001

send us a message

  • This field is for validation purposes and should be left unchanged.

Pin It on Pinterest

Share This

Share this post with your friends!