3 Comments Super, Managed Funds, Wealth, Insurance, SMSF, Pensions
Not an expert on superannuation and the complex rules, but I think your problem is that your SMSF would not be buying your home from the bank, the bank only hold a mortgage over it, you own it, this could well be the sticking point. Arms length is the phrase that springs to mind.
If you don't get an answer here you may need to consult on of the SMSF companies for an answer or steps that you could take to achieve your aim.
No way my friend its a breach of SISA S66 which can have jail penalties + fines.
This section prohibits a SMSF acquiring most assets from a related party.
If you had listed shares in your SMSF, it could buy them from you at market price on the day (See S65 and S109).
Then you could use the proceeds to reduce personal debts etc.