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MsMagpie(Newbie)Newbie
2 Oct 2024

Hi Can I pay my SMSF BAS statements with my credit card and then pay the amount through the SMSF account? Are the cc charges a reasonable expense? I am a member of the SMSF and will benefit me and my husband.

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437 views
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Bruce4Tax(Taxicorn)Taxicorn
2 Oct 2024

I am a member of the SMSF and will benefit me and my husband.


SMSF is not there to provide you with financial benefits like that.


Best to ask SMSF auditor whether they would see that as a breach,

because SMSF money has to be kept separate from personal money.


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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
2 Oct 2024

I am a member of the SMSF and will benefit me and my husband.


SMSF is not there to provide you with financial benefits like that.


Best to ask SMSF auditor whether they would see that as a breach,

because SMSF money has to be kept separate from personal money.


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Can I pay my SMSF BAS with my credit card and then pay he cc through the SMSF account? | ATO Community