Using Your Super Fund To Buy A Property
In order to maintain control of their financial future we all need to control our spending, maximise our income and choose wisely when it comes to investing our surplus funds. For an individual it is becoming more and more essential to plan for our retirement as early as possible. Self Managed Superannuation is a popular recomended strategy of financial planners in Australia.
Self-Managed Super Funds And Property:
As the Australian real estate market is booming, it is often suggested that investment is made on real estate. The best way to make a concessional tax investment on property is to invest via SMSF. Today, a lot of the financial planners suggest investing in real estate. Here are some benefits of buying self-managed super funds property: It generates control over the superannuation assets. This is said to be the best for concessional tax structure. The management costs of the property are covered by the SMSF, thus limiting the impact on your personal cash flow You can use superannuation funds as a deposit for purchasing property An investment on real estate through a SMSF can offer higher returns than other forms of investments Future aspects of this fund: For those who like to save their hard earned cash for securing their financial future this strategy can be a good option. To find out about the benefits and the pitfalls and if it’s suitable for your situation, then you need to speak to a lawyer who has experience in the area. Joe Gilles is available to assist you with this.
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The information above is of a general nature. It doesn't take into account your individual situation. To ensure you receive the CORRECT up to date information for your personal situation Contact one our Solicitors
Giles Payne & Co.
506 Bunnerong Road
Matraville NSW 2036
PO Box 70
Matraville NSW 2036
+61 2 9311 1295