Buy Property Through Self Managed Super Fund

Are you a super and looking to buy property through self managed super fund (SMSF)

? It is very pleasant and welcoming for you, if you are an Australian. It is very good news for the Australian Super that in 2007 the Australian Government has allowed them borrowing money to buy property in their SMSF. Now an Australian citizen can purchase a property there by using their superannuation and utilizing the best of their self managed super fund. Besides, while you are buying property through self managed super fund you are eligible to borrow money near about 60-75% of the property value. You can take the full control of your money to invest it in real estate sector as over the last few decades this type of investment has been an excellent option of earning more, irrespective of professional and unprofessional. If you are a retired person and look to organize your superannuation money into a self-managed super fund to buy a property through it I must say your decision is right. Self-managed super funds (SMSFs) allow people to control their own super investments for their retirement.

Buying property through self managed super fund allows you utilize your superannuation money best to establish your retirement with a solid, reliable investment solution. As a self-managed super fund (SMSFs) allows one to control his own super investments for retirement, you may take the full advantage of it to be one of those Australian citizens who are boosting their future safely to retire richer and earlier. But in this age where many financial organizations are losing their credibility and investing money has been a matter of great concern, there making the most of self managed super fund is really tough unless you get a professional financial advisor or tax agent. This tax agent can help you get best investing values and personal tax advice to maximize tax refund and minimize payable tax.

Now let me tell you what is a Self Managed Super Fund (SMSF)?

A self managed super fund is associated with retirement concept where all decisions are taken on an investment plan by an account holder. Self-managed super funds are fit for those people who have a lot of super and extensive skills in financial and legal matters. He must manage SMSF under strict rules regulated by the Australian Taxation Office (ATO). Here you must be careful and prepared to keep a track record of your super investment. This fund can be managed by a trustee consisting of one to four members. Every member of a SMSF is a trustee.

Now if you are planning to set up a self-managed super fund, you must do the followings:

Accomplish the full role of trustee, do all important legal duties regarding it.

Utilize the money only to provide retirement benefits

Follow the investment strategy that can ensure your retirement needs

Get annual audit done by a qualified tax advisor or a reputed auditor.

To meet these purpose easily and specifically the last one, you can get started with Austin Brothers a reputed firm of Chartered Accountants in Sydney, Australia.

by: Step Ahead Designs

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