Sep 22, 2017 Investors with self-managed super funds (SMSF) are aware of the need to diversify their portfolio as protection against volatility in different markets. Property has always been a popular component, with traditional residential property usually the first place investors turn.
Answering your questions: Property and Self Managed Super Funds (SMSF)
These new rules, which are the biggest changes to superannuation over the last 10 years, will have a substantial impact on SMSFs. How will these changes affect people who invest in property via their SMSF?
Are you considering setting up your own Self-Managed Superannuation Fund (SMSF)? You are not alone. The Australian Taxation Office (ATO) revealed there are close to 600,000 SMSF funds in Australia, making it the fastest growing superannuation sector
While a SMSF does give you more control over your finances, it also comes with the additional responsibility of researching, managing and being ultimately accountable for your retirement investments. This can mean a lot of extra work and, for newcomers to the sector, potential stress. The volatility and complexity of the share market means many investors also turn to property to balance their exposure to risk.
Using your SMSF to purchase a property can set you up for a comfortable retirement. While you might find navigating the rules and regulations a nightmare, this handy guide will help you understand what to (not) do when buying a property through your SMSF.