Self-Managed Super Fund

Would you like to buy a property with the money in your superfund? You probably can. We’ll briefly explain this below, but please contact us for professional advice regarding your superfund and financial situation.

Investing your retirement savings through a Self-Managed Super Fund (SMSF) is becoming an increasingly popular choice since regulatory changes a few years ago allowed everyone in Australia with super to establish their own SMSF.

With SMSFs (also called DIY Super Funds) no longer reserved for just the self-employed, anyone can now take advantage of the many benefits offered by a Self-Managed Superfund.

Superannuation legislation changes in 2007 also meant Self-Managed Superannuation Funds are now able to borrow money to invest, providing certain conditions are met. This opens up a world of attractive property investment opportunities to the average Australian.

It’s easy to see the popular appeal of taking charge of your super and controlling your own investments. However, there are a lot of strict regulations to adhere to in order to avoid non-compliance, which can result in severe tax penalties. There are also strict rules to follow when applying for a loan and purchasing property in your super fund.

Super Finance is a company of financial advisers specialised in setting up SMSFs and arranging suitable property loans. Having us there to guide you through the whole SMSF process will give you complete peace of mind.

Benefits of starting a SMSF and investing in property

With a self-managed super fund you can:

• Take back control of your retirement money
• Stop worrying about fluctuating stock markets
• Buy an investment property you can’t afford otherwise
• Use the money already in your super to pay the deposit
• Pay off the loan with rental income + your employer’s super contributions 
• Reduce or avoid capital gains tax when the property is sold

If you buy an investment property in your own name, the rental income has to cover your loan repayments. Any shortfall and further expenses have to come out of your own pocket.

However, if you use your SMSF to buy the property and you are still working, you have both the rental income + your employer’s mandatory super contribution to repay the loan and pay for property maintenance and other expenses.

If you follow our expert advice, your super income will more than cover repayments and costs and your self-managed superfund will enjoy steady growth.

And have you considered the tax savings? Nobody likes to pay capital gains tax when making a profit on a property sale. You potentially have to pay up to 46.5% tax on profits when selling an investment property that is in your own name. But not in super! When the property is bought the correct way through your self-managed super fund, and a number of conditions are met, your sales profit on the investment property can be capital gains tax-free.

We’re your SMSF experts

Super Finance provides a full range of financial services to help you set up a compliant Self-Managed Superannuation Fund and safely invest your retirement money in a suitable property of your choice.

Our experienced SMSF specialists ensure your Self-Managed Super Fund is set up correctly and all legal requirements are met with regard to your property loan and how your money is invested.

We do all the sums and give you dependable advice on the type and value of property you’ll be able to afford within your superfund. We also ensure everything is done in such a way that you will be able to reap all possible tax benefits of buying property in your SMSF.

Our SMSF services

Are you considering establishing a Self-Managed Super Fund? Let us do all the work for you. These are some of the SMSF services we offer:

• Provide complete advice on Self-Managed Super Funds 
• Answer all your SMSF questions
• Create a fully compliant SMSF for you
• Roll over existing super into your SMSF
• Establish a suitable SMSF investment strategy
• Offer guidance on the process and legalities of purchasing property 
• Arrange a correct and suitable loan structure for your SMSF
• Post-settlement assistance with insurance, property management etc.

Super Finance’s financial advisers have the expertise and qualifications to assist and advise you with your Self-Managed Super Fund and property purchase from start to finish. With us, you’ll also benefit from our privileged network of contacts among lenders so we can offer you the best possible mortgage quotes.

Want to set up a SMSF and invest in property through super?

You need financial advisers with SMSF expertise to guide you through the complex rules and regulations surrounding Self-Managed Superannuation Funds and to help you select a borrowing and investment strategy that suits your situation and goals.

Talk to the experts at Super Finance today.