BUYING PROPERTY IN SUPER
Self-managed super funds (SMSF) are a tax efficient investment option for achieving long-term compound growth from surplus cash flow, with the added benefit of increased control over investment options.
An SMSF gives the investor flexibility, control and investment choice (property or other) over the management of their superannuation benefits.
SMSF Entity & Structure Setup
Getting the right advice is critical to the success of any investment strategy, and property investment within superannuation is no different. Whilst the benefits of investing within self-managed superannuation is well documented, it may not be the most suitable strategy for your current financial circumstances.
Our Discovery Team can assess if self-managed superannuation is the best option for you, and guide you through the next steps of the registration and establishment of your new fund.
To help with this, our Discovery Team can provide the relevant guidance and services through our network of service partners and professionals.
Property Selection Criteria
When choosing properties for your fund to invest in, it is important to keep the following in mind:
- The property cannot be used as a residence for yourself, or any family member.
- The property cannot be used as a holiday home.
- This is an investment, and should be purchased solely for investment purposes.
- Will your property increase in value?
- Will the property have adequate rental yield?
- Can my fund afford this property, or can it get the finance for it?
Compliance & Reporting
Unlike some other investment vehicles, the regulation and reporting requirements of self-managed superannuation is complex and requires the services of accredited professionals.
If you as a Trustee need help with the regulatory or compliance side of things, our dedicated team can assist with the preparation of the required documentation including:
- Preparation of financial statements, income tax and regulatory returns.
- Preparation and lodgement of Instalment Activity Statements
- Audit of your self-managed superannuation fund.
Accounting & Legal Services
To help you with the establishment and ongoing compliance of your super fund, Peet Complete Invest has partnered with a panel of highly respected accountants and legal professionals to help you on your pathway to wealth.
With highly specialised experience within the self-managed superannuation industry and beyond, our panel of professionals can assist you in all aspects of your investment, providing valuable advice to help you manage your investments.
With highly specialised experience within the self-managed superannuation industry and beyond, our panel of professionals can assist you in all aspects of your investment, providing valuable advice to help you manage your investments.
SMSF Finance
When purchasing a property through a self-managed super fund, trustees have the option of borrowing money through the fund to pay for investments within the fund. Many lenders offer tailored products for SMSFs and our team can help you find the best product for your personal investment strategy.
Similar to a personal mortgage, these loans can be paid by the tax savings and rental income generated by the investment property, making this strategy very attractive to potential investors looking to invest through their super fund.
Contact our Discovery Team today to find out more about the benefits of investing within superannuation.
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