It’s a genuine concern of many today that their super will not be substantial enough to sustain life after retirement. Poor share market performance means that more and more people are being forced to retire at a later age. But your super has the potential to give you an early and prosperous retirement. You can
use super to buy property
through a Self-Managed Superannuation Fund and secure the stability and retirement you’ve always wanted. You can use your super to your advantage and set yourself up for retirement through property investment. Self-Managed Super Funds (SMSFs) can be used to buy property with borrowed funds with tax payments much smaller than properties purchased outside your super fund. Wouldn’t you rather pay 15% in taxes for your property rather than up to 46.5%? If you use super to buy property, you not only give yourself a stable investment, you also give yourself a consistent return on that investment. Your SMSF covers deposit, up-front costs, and ongoing property expenses and with a residential property purchase, you can apply for a loan up to 70% of the total value, with differing rules applying to residential and commercial properties.When you use super to buy property, it means you have acknowledged the volatile nature of the share market and you want a more guaranteed retirement asset. Property simply gears better. Gearing a real estate investment means that yields will be higher with lower risks, and the benefits are more abundant with property purchased inside super. Lenders and banks are more likely to support an investment in residential property than any other asset, giving you a more weighted asset; one that is constantly growing and giving return on investment. Using your SMSF to invest in property is a way to take control of your money and achieve far beyond your financial goals. We can help reduce the cost of property investment, provide you with a long-term and stable retirement asset, and help you achieve a greater profit margin so when you reach pension phase, you can sell your property without any Capital Gains Tax. Start taking control of your future today with your own SMSF.