A Self-Managed Super Fund (SMSF) is a private superannuation fund where the members are also trustees and have control over investment decisions made within the fund. SMSF loans facilitate borrowing against the superannuation fund for investment in assets such as residential or commercial property.
The highly regulated and specialised SMSF industry is dominated by savvy investors who want to grow their property portfolios, and existing business owners who want to save (through tax concessions), and make money via the purchase, and often potential leaseback, of commercial property.
Any returns on the investment such as rental income or capital gains are directed back into the super fund to help increase the fund’s retirement savings.
When it comes to securing successful finance it’s important to note there are only a few lenders who will lend to SMSFs and application requirements can vary significantly.View Latest News
Types of business property commonly purchased via SMSF:
Current SMSF Borrowing Guidelines:
up to 80% of the property value
minimum of $100k is recommended
up to 30 years
The trust will need to prove sufficient income to support the loan.
Your Green Team specialist finance broker will be in the best position to provide you with an overview of actual lenders, loan terms, conditions and costs based on your situation.
Seeking advice from experienced SMSF professionals such as accountants, financial and tax advisors is required to ensure compliance and optimise investment outcomes. Your Green Team broker can also provide recommendations for proven professionals in these fields.
For more specific information on SMSF loans for you or your business, get in touch with your Green Team finance broker today.
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