Category

Category | Self Managed Super Fund Loans

An SMSF loan it is an organizational pension program created by a company for the benefit of its employees. It is also referred to as a company pension plan. It is a home loan used by a self-managed super fund (SMSF) to purchase an investment property. The returns on the investment – whether that’s rental income or capital gains – are funneled back into the super fund, increasing your retirement savings. Just like a regular super fund, the 9% that represents employer contributions is still paid into an SMSF and the members can make additional deposits when they wish to, but unlike standard super funds the members or trustees are in direct control of their assets, choosing where to invest them and how the benefits will be paid out.

This additional level of control means investments in residential property can likewise be added to an SMSF, which means there’s a need to find a good home loan just as in regular property purchases. The objective of an SMSF fund is to provide members with funds for their retirement, which means that any investment needs to directly benefit the fund members. Thus, you should keep any personal business and financial concerns separate from the fund. All assets purchased for investment purposes need to be under the full legal name of the SMSF as the Australian Tax Office (ATO) strictly regulates everything regarding these assets.

Buying a Property with Your Superannuation: Pros and Cons
Buying a Property with Your Superannuation: Pros and Cons Superannuation in Australia is money set aside by the employer throughout the working life of an employee meant for retirement. The money can only be withdrawn in very specific circumstances such as during retirement at 65 years of age. May Australians have become used to the...
Read More
How SMSF can work in the current climate - intellichoice
How SMSF can work in the current climate Self Managed Superannuation funds are a hot topic of conversation at the moment. Some people are concerned about their super not working for them and are just not sure what to do. Not having control of your finances can be unsettling, especially as super is on the...
Read More
Lending for Self Managed Super Funds - intellichoice
Lending for Self Managed Super Funds When people start to turn their attention to their retirement planning and how they are going to fund the sort of retirement lifestyle they are hoping to achieve sooner or later they start to focus on their superannuation and very often, they start to look into lending for SMSF...
Read More