Don't crap in your SMSF

Earlier this week I was reading the following article (which is excellent advice) warning people about getting too carried away at the prospect of making no/low interest loans to their SMSF. It made me think of a saying an old colleague used incessantly: 'You don't crap in your OBU'. The saying isn't the most elegant, and 99 per cent of people probably don't know what an OBU is, but the point is important to those running SMSFs. To explain, let me first digress. For the benefit of those not in the lucky 1 per cent familiar with OBUs, or 'offshore banking...

Earlier this week I was reading the following article (which is excellent advice) warning people about getting too carried away at the prospect of making no/low interest loans to their SMSF. It made me think of a saying an old colleague used incessantly: 'You don't crap in your OBU'.

The saying isn't the most elegant, and 99 per cent of people probably don't know what an OBU is, but the point is important to those running SMSFs. To explain, let me first digress.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles