Common Fund Expenses (Case Study Sample)

Some expenses deductible from your Self-managed superannuation funds
Any smsf has to incur particular expenses for the fund to run and provide retirement benefits to its members.
What fund expenses are common?
Any payment in line with the investment strategy and permitted by the super laws and trust deed will be deemed appropriate.
Some of the common fund expenses include:
Operating expenses
Most of the Operating expenses that an SMSF incurs are usually deductible under the general deduction provision. However, those that are capital in nature or relate to non-assessable income gains (like current pension income) are exempted.
The most common deductible operating expenses deductible under the general deduction provision include:
Management and administration fees