You can have real estate in your superannuation!
Most people like to control what happens to their hard earned money so, why not your own superannuation? Setting up and running your own super fund may not be as restrictive as you think. Many people we talk to, think Self Managed Super Funds (SMSF) is only for the self employed or business owners. In fact nothing could be further from the truth.
It is quite possible to be a salary earner, start your own fund and have your employer pay your Super Guarantee Contributions (SGC) to your own fund. And you do not even have to be a high income earner to make the switch worthwhile. According to the ATO* more than 70% of SMSF members earn less than $80,000 per year.
The majority of SMSF (67.9%)^ have two members. Therefore it can be assumed many of these would be a couple who have established their own fund and rolled their respective superannuation into this newly established fund. For couples who have one stay at home to care for their children, this has provided a great way for them to make better use of their super.
Since September 2007 it is now possible
for Super funds to borrow. This has seen keen interest amongst those
with a SMSF as they can now purchase property in their fund. For many
this makes sense to have a long term asset (property) in a long term
investment strategy (Super).
If you like the idea of having more control of your superannuation and have your employer SGC potentially paying for an investment property then perhaps a SMSF may be for you. We are holding a free information night at our office on Wednesday 14th starting at 6.30 pm to explore this fascinating topic. Not to be missed by anyone who will retire one day!
When: Wednesday 14th April 2010
Where: 1/5 Oval Avenue Caloundra
Phone: Gavin 5437 2744
Please visit our website below for more information.
Seats are limited.
1/5 Oval Avenue, Caloundra
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