SMSF Advice
Australians over the age of 60 are enjoying a new tax haven! It isn’t Vanuatu or Belize—it is Australia.
It is Self-Managed Superannuation.
Australians can now have more control over how their super funds are invested and use it as a high-powered, highly tax-efficient investment tool, as well.
A Self Managed Super Fund (SMSF) is a type of trust with a very specific deed and which is regulated under the Superannuation Industry Supervision Act (often referred to as SIS). The regulator is the Australian Tax Office. An SMSF is often referred to as DIY Super.
Provided the trustees of the SMSF comply with the rules specified by the SIS act the fund enjoys a concessionally tax environment.
Because the SMSF is a type of trust, it is an excellent investment entity for asset protection and future estate planning.
Is Self-Managed Super Right For You?
To work that our, simply ask yourself the following questions:
- Do you have a substantial amount of monies invested in other funds?
- Would you like to take control of investing your own money?
- Would you like increased flexibility in estate planning, more investment options and greater responsibility for your own retirement funds?
- Are you confident you invest your money with more returns than where it is now?
If you answered YES to any of the above questions, there’s a great chance that an SMSF is ideal for you.
And best of all, now you can use it to borrow to invest in property.
At AFA Wealth we specialise in clients with investment properties and/or self-managed superannuation. These two specialties now work together after the law changed to allow borrowings in SMSF via a SMSF Limited Recourse Loan. We operate under SMSF Partner’s AFSL 345905, Barbara being an Authorised Representative License Number 412051 and Martienne being the other Authorised Representative License Number 412049.
SMSF and SMSF loans are complex structures that have sophisticated laws so they require a specialist firm like AFA Wealth that understand these laws. Our history of structuring for property investors and understanding all federal and state laws relating to property have meant that we are market leaders in bringing SMSF loans to your SMSF at an attainable price.
SMSF loans are new to the Australian market so ensure that if you choose to invest via this tax-effective way in your SMSF, that you are advised by a firm that specialise in this niche market.
To find out more about Self-Managed Superannuation, contact us for a consultation with a specialist.
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