Are you thinking about borrowing to buy property or other assets via a Self-Managed Superannuation Fund (SMSF)? If so, you may be wondering whether you need a bank to lend directly to your SMSF or if there is a simpler and cheaper way to borrow?
Super SUPER’s answer
Practically anyone can lend to an SMSF using equity from another property, cash from term deposits, funds trapped in a family trust (or other corporate structures), or even from a family member or friend. First Option Credit Union also very competitively loans directly to SMSFs.
Super SUPER, which is a joint initiative of CIA tax and First Option Credit Union, is here to simplify that process.
Super SUPER enables purchases of property (or other assets) combined with your SMSF, thereby accelerating your tax concessions and providing ultimate cash-flow flexibility. Coupled with much lower set-up and ongoing costs, simplified legal documentation makes the whole process fast and efficient.
So talk to us about Super SUPER today. Our advisors are ready to help you with a broad range of strategies and approaches that will put you in control.
Borrowing with super is simply shown in this joint tutorial: