What is the residency test of a self managed super fund?
For your self-managed super fund (SMSF) to receive tax concessions, it must be a complying super fund. To be a complying super fund, your SMSF must satisfy the residency test To satisfy the residency test, your SMSF must meet the definition of an Australian superannuation fund All your questions answers below in regard to the SMSF Residency Test What is the residency test? When is a fund established in Australia? What is ‘the central management and control’ of the fund? What does ‘ordinarily in Australia’ mean? When is a member an active member? What happens if your SMSF doesn’t satisfy the residency rules? What … Continue reading
