Self-Managed Super Loans

A New Way To Invest

Did You Know You Can Use Your Super as a Deposit?

 

It was once the domain of wealthy baby boomers, but now younger Australians on average incomes have begun using self-managed superannuation funds (SMSFs) to invest in property. Some have realised that their current retirement strategies may not meet their lifestyle preferences when they reach retirement.

You can only buy property through your SMSF if you comply with the rules.

The property:

– Must meet the ‘sole purpose test’ of solely providing retirement benefits to fund members

– Must not be acquired from a related party of a member

– Must not be lived in by a fund member or any fund members’ related parties

– Must not be rented by a fund member or any fund members’ related parties

– However, your SMSF could potentially purchase your business premises, allowing you to pay rent directly to your SMSF at the market rate.

Visit the Australian Taxation Office’s webpage on self‑managed super funds for more information.

 

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