• Interested in taking control of your financial future?
• Want to get more from your super?
• Don’t want to invest in an unstable area like shares?
• Worried you won’t have the retirement you want and deserve?
• Interested in using property to set yourself up?
• Learn how to use superannuation to buy property and give yourself a steadfast retirement asset!
With uncertainty mounting towards the share market and investing, it’s understandable that more people are looking for better ways to invest their super for a comfortable retirement. When you learn how to use superannuation to buy property, you can make a more secure investment and ensure your financial future is mapped out and prosperous.
In the current economic climate, it’s perfectly reasonable for people to be wary about investing their superannuation money, especially considering the recent slump in super fund performance – the worst since 2008. If you’d prefer a more hands-on approach to dealing with your super money, then an SMSF might be the choice for you. An SMSF is an ideal fund choice for people who have the time, knowledge, and the resources to handle managing the fund and who want to use it to invest in options to maximise their retirement savings potential.
Using your Self-Managed Super Fund, you can buy property and set yourself up for retirement. In the case of residential property, you can use your SMSF for a deposit, ongoing expenses, and up-front costs, and borrow up to 70% from a trusted bank or lender. If you have other assets in your super, they are all protected and your lender only has legal recourse against the property in question. Your super fund pays for any shortfall, and you receive the benefits of no out-of-pocket expenses for holding the property.
If you think that owning property is your key to a happy retirement, learning how to use superannuation to buy property will be even more beneficial for you. A property purchased through your SMSF only incurs tax of 15% rather than the normal amount of up to 46.5%; purchasing property inside your super gives you an equitable asset, saves you out-of-pocket expenses, and rewards you with dramatically decreased taxes. And if you sell your property in pension phase, you pay no Capital Gains Tax. You’re investing in a long-term plan that will give you not only a comfortable retirement, but also an early one.
Rather than risking your precious super in a volatile share market, make a solid investment and learn how to use superannuation to buy property. Actively engaging with your SMSF is the first step to taking control of your financial destiny, and setting up your SMSF can be done through a simple process. Take control of your financial future today and find out how to use superannuation to buy property.