Friday, April 12, 2013

Buying Property through a SMSF – Self Managed Super Fund

If you are unhappy or concerned with how your Super is being managed, it's now possible to control your own super through a Self Managed Super Fund (SMSF).
In 2007, the Australian Government legislated  for Australians to borrow money to buy property in their SMSF.
The latest figures from the Australian Tax office show a 50% increase in property investment via SMSFs since June 2008.

Since the global financial crisis Investing in residential real estate enhances the performance of the asset, reduces  the costs associated with the super fund and manage their risks themselves. 
Before jumping in consider the following -
1.      Do you have an Existing Industry or Platform Based Super Fund with a combined minimum balance of $80,000?
2.      Are you looking to control your Super Fund Investments?
3.      Are you looking for a low cost Self-Managed Superannuation Fund Solution?
Benefits of buying with Self Managed Super Funds (SMSF):
  • 0% rental income taxed in pension phase
  • 0% capital gain tax if sold in retirement
  • Invest without money from your pocket
Tony Romano, a senior financial adviser from the ANZ bank, was interviewed on Toop.TV ( this week. Here, he spoke about the benefits of SMSF.
He has personally used this avenue to invest in property over seas and is very positive about buying into real estate.  It all depends on your personal goals, so speaking to a financial adviser to assess your situation can be helpful.

To watch the complete interview, go to

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