Self-Managed Super Funds (SMSFs) are a type of superannuation fund that effectively enable its members to have greater control of their own investment portfolio, in-line with their fund's authorised investment strategy.
Self-Managed Super Fund (SMSF) loans enable you to combine the power of gearing and the relative tax concessions available to your complying SMSF which can help accelerate the wealth accumulation of your fund. Specifically, you can use an SMSF loan to purchase an investment property (residential or commercial) partly funded by a limited recourse loan (residential property up to 70% of the property value and commercial property up to 65% of the property value with no loan maximum amount) and take advantage of tax concessions available within superannuation.
However, SMSF lending is complex and strictly regulated both by lenders and the Australian government, and the processes and compliance around obtaining SMSF loans are highly technical. SMSF loans are only available to complying SMSFs, some lenders require $200,000 in net assets, and SMSF members must be in accumulation not pension phase when the loan commences. If you are considering a SMSF loan we highly recommend that you consult with us early on in the process. It is crucial to get the right lending and financial investment advice around SMSF loans and structures.
With this in mind, our team leverages all aspects of Perrier Ryan's accounting, tax and financial planning expertise to provide you with holistic advice for your SMSF lending needs. We can successfully guide you through the SMSF loan process as getting it wrong can be very costly.
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