Property and Self-Managed Superannuation-The Most Common Questions Answered

We’ve had a number of calls and emails from people asking us questions about the SMSF Which Property Event on Sunday 4th December.  Just in case you have similar thoughts running through your head we have included the most common questions and answers here for you.

Q.  How much do I need to have in Super before I can benefit from an SMSF?

A.  Well there is no maximum amount specified in the legislation that you must have before you can establish a SMSF. So it really depends on your objectives for the fund.  For example if you plan to be actively investing through the super fund with good yields, together with a commitment to regular contributions, then a SMSF could be for you.  However if you only have a few thousand dollars and are not confident in managing your own money then leave it until you are more financially confident.

Q.  I don’t have enough money in Super to afford a property so how can I benefit from this?

A.  Well provided you have enough for a deposit of 20-30% and regularly contribute to super, then a SMSF could borrow to acquire a property, pay the interest and outgoings and receive the rent. You will also learn from the strategies outlined how you can use the SMSF to acquire property in the future as the fund grows.

Q.  What if I want to buy, renovate and sell property?  Can I do that through a Self-Managed Super Fund?

A.  Depending on an investor’s objectives a SMSF can buy a property, and can even borrow to buy a property; use a manufactured growth strategy and renovate and hold, or renovate and sell.  This can be an active strategy that grows the fund quite quickly.

Q.  Can I use a Self-Managed Super Fund to invest in shares?

A.  Yes certainly the fund can buy and sell shares, CFDs ETFs currency, whatever you are interested in.

Q.  Is my attendance fee tax-deductible?

A.  For trustees who already have a SMSF the fund could reimburse you for the attendance fee.  However often investment advice is considered capital, so although the fund can pay the fee, it may not be deductible.  For people who do not have a SMSF yet but are already investing in property,  may be able to claim the fee as a tax deduction.

Q.  I already have a Self-Managed Super Fund, how will attending your event benefit me?

A.  We are continually training to bring advanced strategies to trustees.  Being investors as well as SMSF trustees ourselves we understand the pitfalls that trustees experience and work with them to actively manage their fund.

Q.  I already own property in my own personal name, is there a way I can transfer it into a self-managed Super Fund and how will that make me financially better off?

A. It depends on the type of property that you own.  If it is a commercial property that is being used for a business then yes the good news is that there are different ways in which we can transfer it into your SMSF.  Depending on the circumstances the rental can be taxed in the fund at a lower rate ie 15% and there is a possibility of no capital gains taxes when the fund sells it in the future.  However if it is a residential property unfortunately the SMSF cannot acquire it from you.

Q.  I don’t earn enough to be able to afford to invest in property right now so how can I afford it through a Super Fund?

A.  At the seminar we will be illustrating an example of how to achieve this without having to access money outside of super.

All of these question and more will be answered in full on the day.  You’ll also see real life examples of the enormous tax savings that people have made using a Self-Managed Super Fund with property.

At just $97 for one person or $117 for two it’s a very affordable investment when you consider how many thousands you can save each year in tax…not to mention how much more quickly you’ll be able to accumulate assets through a Self-Managed Super Fund.  Not only that, your investment in the days comes with a money back guarantee.  Simply, if you’re not delighted with the value of the information we’ll refund your investment in full.

Make sure you join us.

Just go  here.