Whether to Borrow in an SMSF involves several considerations:

Self Managed Superannuation Funds Simplified

SMSF Simplified

  1. Need specialist assistance
  2. Require at least $150,000 for deposit and purchase costs ($400k property)
  3. Legal and financing costs to set up can be high $6-10,000
  4. Bare Trust is a special trust WITHIN the SMSF, has not tax return or trading, need a new Bare Trust for EACH property
  5. No-Recourse Loan is a Commercial loan, not often arranged with Retail Brokers, and some banks do not offer the product
  6. If there is only enough in the SMSF for one property (as the only asset) could be considered risky with single asset

    Property in self managed super SMSF superbenefit

    Property, SMSF

  7. Cannot acquire property from a related party (Part 8 SIS Act) eg family relation, or own home (but you can if asset is business property, listed shares, widely held unit trust)
  8. Must rent to an unrelated party
  9. Do you manage the property or use a management agent
  10. Small details missed can be very costly in terms of stamp duty and legal costs

To learn more about this and the following topics –

  1. What’s involved in an SMSF and does it suit you?
  2. I want my business to be my super – can I do this and how?
  3. Should I borrow to buy property for my SMSF?

see Seminar page http://wp.me/P1sLJd-f

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About SuperBenefitnews

Self-Managed Superannuation Service Providers in Australia. SuperBenefit will SET UP your SMSF and provide investment education for a better result. We take care of all your administration, accounting, ATO lodgement and audit of SMSFs, working with you and your advisors. If you want advice we can arrange one of our recommended advisors and accountants to meet with you, as we do not give advice, but take instruction only. Take control of your super, including property shares and other assets. Learn how to be your own advisor - make better decisions - by being mentored and coached to invest your own super wisely and strategically by qualified partners. Book to come to an event to find out more, or - Call us 0407 361 596, no obligation FREE strategy call.
This entry was posted in SMSF Basics - all to know, SMSF Investing, SMSF Property, SMSF Seminars, Super Law & Compliance and tagged , , , , , , . Bookmark the permalink.

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