The Self-Managed Super Fund (SMSF) Loan is tailored to provide loans to trustees of authorized regulated Australian Self-Managed Super Funds (SMSFs) to borrow for the purpose of purchasing a property. SMSFs are a very powerful retirement planning vehicle that allows you greater flexibility and control over savings and investments. SMSF is a superannuation fund with one to four members where the members actively participate in the fund’s management. SMSFs are also sometimes referred to as DIY funds, mum and dad funds, or family funds.
How much can I borrow with my SMSF?
SMSF loans generally allow up to 70% leverage and 30-year terms, with up to five years of interest-only repayments. The minimum loan amount is $100,000 with no set maximum, subject to lender approval of the property and borrowing capacity of the fund.
Is it worth having a self-managed super fund?
One of the key benefits of an SMSF is investment control, flexibility to retirement and beyond, and the wider investment choices such as residential and commercial property, collectibles, term deposits, and direct shares that SMSF members have compared to industry and retail super funds. The clear advantages of owning direct property in your SMSF include receiving the rental income paid to the SMSF for the use of the asset and a lower capital gains tax rate on the disposal of the property. The rental income adds to your retirement savings and is taxed at the concessional rate of 15 percent.
TSK Loans Pty Ltd is an authorized corporate Credit Representative (#528475) of Australian Credit Licence No. 384324 including our brokers:
Taranjit Singh Kahlon is an authorized Credit Representative No. 528474) – Call him today (03) 8721 9989