Changes to LRBAs

DIY super investors might be forced to sell other fund assets to repay property loans under new laws designed to further restrict contributions. The Morrison Government has reintroduced legislation to restrict contributions for some users of limited recourse borrowing arrangements (LRBAs) in self-managed super funds. The new rules, if passed, mean that, in some circumstances, the outstanding amount of the loan will be added to a member’s total superannuation balance (TSB) for the purposes of making contributions. This may restrict members’ abilities to make both concessional and non-concessional contributions as they relate to TSBs. The new rules will only apply

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