In Australia, employers must contribute 9.5% of an employee’s wage into the employee’s chosen superannuation fund. For example, someone earning a wage of $100,000 a year will see a $9,500 contributions made to his or her superannuation fund over 12 months. Unlike the top dollars of that person’s … [Read more...] about What is salary sacrifice and what does it mean for SMSF loans
There’s a growing number of people taking advantage of their Self-Managed Superannuation Funds. Recently, the Australian Taxation Office released statistics on SMSFs derived from annual data for 2016, which also included the type of investments the trustees chose as well as the amount of SMSF money … [Read more...] about Setting Up Your Retirement Through an SMSF Loan
The short answer is that yes, you can indeed buy an investment property with your super. In order to do so, the first thing that you will need is to set up a Self Managed Super Fund (SMSF) which is the only vehicle which will allow you to use your superannuation to purchase a direct … [Read more...] about Can I Use My Super To Buy An Investment Property
Today we look at how your SMSF structure works once you’re ready to make an investment property purchase using a an SMSF Loan given to your fund. Generally speaking, your fund can borrow up to 80% of the value of a residential property. Super contributions and investment property rental income flow … [Read more...] about Adding a property to your SMSF with an SMSF Loan
You might have heard Self Managed Super Funds - or SMSFs - also referred to as ‘DIY Super’. While there’s no doubt that having a Self Managed Super Fund gives you much greater control and autonomy than a managed fund, the term ‘DIY Super’ can be dangerously misleading. Self Managed Super Funds … [Read more...] about Why SMSFs aren’t really ‘DIY Super’?