The truth about Self-Managed Super?
Self-Managed Super Fund’s are growing at a rate of 4 new SMSF setups per hour in Australia. Research shows that the average balance in an SMSF is 17 times higher than balances in industry and retail funds. Do you want to know why?
SMSF’s allow greater control over your super. They also allow greatly flexibility. You get to decide how much to put in and take out (within the guidelines of the law). They can also cost a lot less than industry and retail funds. But most importantly, SMSF’s can buy geared property in a simple and uncomplicated manner.
Why would you buy property in a SMSF instead of personally?
For many reasons; you get the benefit of leverage (maximizing the amount growing for you), the stability of the property market and the generous tax concessions available in the superannuation environment. There is a maximum of 15% tax on any rental income in excess of costs, you receive a tax deduction for the loan repayments of principal via salary sacrificing, you get asset protection from creditors and most importantly any capital gains on the property when sold will be taxed at 10% or TAX FREE if you are over 60.
Please visit Our Events Page to book in and come along to our free information seminar to find out the simple truth about SMSF’s or call 6162 4546 for a free consultation.