I am 61 and have met a condition of release in my smsf, being retrenched in March. I am considering puting my SMSF into retirement phase. Can my SMSF keep the house in retirement phase? it still has a mortgage (about 25% the value) which is easily covered by rental income. I will sell it eventually but want to hold on to it for another year or so, is this possible?
If it's not possible, can I use the condition of release (trigger in march) next year to put my smsf into retrement phase? even if I pick up some part time work (say 30hrs a week) with a different employer?
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1,587 views3 replies
3 replies
1,587 views
3 replies