A self-managed superannuation fund (SMSF) has become popular with many Australians as they can offer greater control over investments and retirement outcomes than traditional super funds. The trustees of the SMSF have full control over investment decisions rather than a super fund provider managing their retirement savings, which can be at the mercy of the share market.

SMSFs also can offer more flexibility and lower fees than retail or industry super funds.

The SMSF is allowed to borrow money in order to purchase an investment asset, as long as a strict set of rules are followed. Any residential or commercial property purchased through an SMSF loan must not be lived in or leased to any trust member or related parties.

If you want to use your SMSF to invest in property, Savvy Finance can help you obtain a specialty SMSF loan through a limited recourse borrowing arrangement .

We can advise on what you need to apply for an SMSF loan, which will include a certified copy of the SMSF Trust Deed, a certified copy of the Custodian Trust Deed, at least three years of the SMSF’s audited financial statements, 12 months of SMSF bank statements as well as rental estimates and a copy of the contract of sale for the property being purchased.

Savvy Finance has all the solutions for SMSFs needing finance. Contact us today!