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}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have 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 complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

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 proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles