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1 August 2020
I am wanting to go into a SMSF and use the fund to buy into a gym franchise which would be a total of approx 200K which include franshise fees, fitouts etc.
I would be looking to lease a studio/warehouse styled property for the SMSF and operate the business as the manager of the gym.
Can I as the trustee of the fund also be hired/employed as the manager of the business?
Would this be possible?
Most helpful response
2 August 2020
No you cant work as Manager because you cant take salary and breach of super fund Rules .
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