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TPD AND SMSF

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Joined: 27/November/2015
Location: Australia
Posts: 29
  Quote nose Quote  Post ReplyReply Direct Link To This Post Topic: TPD AND SMSF
    Posted: 04/September/2016 at 23:26
I am under the preservation age but have received TPD funds from insurer in my superfund.

These are non restricted non preserved due to my inability to work.

1. If I start an SMSF , using my TPD funds and my existing company trustee in my family trust also as the trust for the SMSF, can I draw on the income that the SMSF makes from investments?

2. What if I use other funds, such as borrowings in the smsf to invest and make income, as I am under preservation age can I draw on the SMSF for income?

thanks

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