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Bloody hell! that is a lot of arsing around and expense isn't it.

Paul I've done the legal advice for a client getting a SMSF loan and then he was unable to find an accountant to sign off on the 'financial' advice as it was too onerous. How would an accountant sign off that company with no assets or income can afford to pay the loan. There was one issue...

This is terrible. The client gets hit with a double whammy in paying over price for property which then often doesn't grow in value. Commissions on these sorts of sales for the broker or planner are around 4%.

Sort of, inddirectly. contribute to super as a concessional contribution and this will reduce your tax. see a SMSF planner like Ivan as if you set it up by yourself you could make mistakes.

A non-concessional contribution is an after tax contribution. this means it won't reduce your annual income. so no tax savings going it. Money earned in the fund will be taxed at 15% A concessional constribution is a pre-tax contribution. In 2014-15 you can contribute up to $30,000 per year...