It’s no secret that in Australia we have an ageing population - with the government encouraging us all to become self-funded retirees.
Self Managed Super Funds (SMSFs) is something that many financial planners and accountants promote as a means of reducing your tax now, whilst you are still in the workforce, ultimately paying less tax in retirement. They also provide good asset protection from any unforeseen litigation that may occur.
In recent years, the government has allowed SMSFs to borrow money (LRBA) to purchase property, whether it is commercial, residential or off the plan.
If you would like to investigate using your superannuation to invest in property with a SMSF loan, give us a call today.