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Picture Book · SMSF, family and later life

Keeping it at arm's length

Story pages

A man in his fifties in a work apron unlocking a small workshop at sunrise
Meet Sam. His SMSF owns his business premises.
A family tree drawn as a real leafy tree with small birdhouses on its branches
A related party is you, your relatives, and businesses you control.
A shop doorway with a single welcome mat and a closed side gate
In general, an SMSF can't buy assets from related parties, with some exceptions like business real property.
A balanced old brass weighing scale on a wooden counter
Every deal must be at arm's length: market prices, market rent, actually paid.
A teapot overflowing on a table cloth
Mates' rates can trigger very high tax on the fund's income.
A man in his fifties shaking hands with a valuer outside his workshop
Sam gets a market valuation and pays rent on time, every time.

The end

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General advice warning. This picture book is general information only. It does not take into account your objectives, financial situation or needs, and it is not personal advice. Rules and thresholds change. Before acting, consider whether it is right for you, read any relevant Product Disclosure Statement and our Financial Services Guide, and seek personal advice. Past performance is not a reliable indicator of future performance.

Information as at 29 October 2026. Sources:

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