Self Managed Super Fund "SMSF" Loans can unlock your superannuation to accelerate investment goals by building wealth through real property.
Amendments to the Superannuation Industry Supervision Act (SIS Act) in 2010 allows SMSFs to purchase or refinance real property providing certain conditions are met. If you have or are thinking about setting up an SMSF, you may be able to use and SMSF loan to help purchase a commercial or residential investment property through your SMSF.
Benefits of a SMSF loan includes:
- You can use your employer compulsory super contribution for servicing plus rent from the property being purchased;
- You can have control over where your super is invested; and
- Tax considerations including:
- Stamp duty;
- Capital gains tax; and
- Deductability of expenses and assessability of income.
Our team of in-house credit specialists are able to guide you through the process so you don’t get lost or overwhelmed during the steps and process involved in buying through your already established SMSF.
Expert advice should be obtained before entering into an SMSF Loan and/or limited recourse borrowing arrangement. This website does not provide detailed advice on the possible taxation consequences of these arrangements.