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You can now borrow money using your superannuation funds.
Superannuation funds can now borrow money to purchase real estate. An investor can have just as much choice and control over investment properties inside as outside a superannuation fund.
Many Australians have significant money in superannuation, and more and more are establishing their own self managed super funds (SMSFs). Many people would like to be able to include real estate in their super fund’s investment portfolio.
Until recently, this has not been possible because of restrictions on superannuation funds borrowing and charging their assets. The Superannuation Industry Supervision Act (SIS ACT) was amended in September 2007 to allow super funds to borrow and charge their assets so long as a special structure is used.
Some of the benefits include Capital Gains Tax concessions and concessions on contributions.
The benefits of real estate investment inside a SMSF vary depending upon your individual circumstances, so the appropriate advice should be sought from one of our advisors.
Frontline Financial Solutions provides a unqiue service for SMSF’s. We have partnered with the leading legal and accounting firms to provide our clients with a seamless process for these transactions.
Frontline Financial Solutions are the market leading provider for these services.
You don’t have to change accountants to take advantage of this service.
For more information, please call us or email by clicking here or have your accountant contact us.
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