More and more Australians are seeing the benefits in not only establishing their own Self-Managed Super Fund (SMSF), but also in using their SMSF to invest in property. The obvious benefit to this option is that you can use your super to a higher advantage to set yourself up for retirement. SMSFs can buy property with borrowed funds. If you have 1/3 of the total property cost, you can deposit that amount and use it to leverage the remainder from a trusted lender. At a time when the share market is highly volatile,
using superannuation to buy property
is a welcome option. Property presents a much more secure opportunity to create a stable and earlier retirement for yourself. If you’re one of the many who believes that property will be your super, you will benefit more from using superannuation to buy property. Using superannuation to buy property means you will only pay 15% of tax rather than up to 46.5% of the tax you pay outside of super.You can experience the joy of a stable, early retirement by using your SMSF to purchase either commercial or residential property, with different rules applying to each. You get no out-of-pocket expenses for holding property and any shortfall is paid for by your SMSF. And there is no Capital Gains Tax (CGT) if the property is sold in the pension phase. SMSFs have become increasingly popular with people who want to control their retirement money; it gives you the power to have control over your financial future through self-funded means. We can help you achieve your dreams of early retirement and invest wisely using superannuation to buy property. We understand the pitfalls and risks that come with investing with your super funds, and we advise you according to your individual circumstances to give the highest return – paving the way for the comfortable, early retirement you’ve always wanted but was never possible until now.