Self Managed Super Fund Loans
Most people have heard of self managed super funds (SMSF’s) and many people are aware that self managed super fund loans can borrow money to purchase property. There is still considerable confusion around how this works and if indeed it’s worth the complexity. In this blog post I will outline the basics of SMSF lending, the mechanics of how these borrowing arrangements are set up as well as some of the pros and cons with this investment strategy. Here at Selectabroker we offer you advice on all smsf home loan types and pinpoint you to the right people to liaise with. We go above and beyond for our clients and aim to offer them success with their property investments.
So first things first, what exactly is a Self Managed Super Fund (SMSF)?
A SMSF is a trust set up to hold and manage superannuation funds and investments for up to four individual members with the typical set up being two members, a husband and wife. A trustee is required to be appointed to manage the fund and they choose the asset allocation of the investments and manage the compliance responsibilities. The trustee can be either a company, the directors of which have to be the same as the members or the actual individuals themselves can act as the trustees. The trust structure is set up to quarantine to SMSF’s assets both from the members themselves (until retirement) and potential creditors of the individuals.
Selectabroker website was launched in October 2007 to help customers find brokers who specialise in the type of loan they are looking for. It is also designed to help brokers find clients. We have approximately 60 hand picked brokers Australia wide that are experts at all types of loans including home and investment, commercial and even rural land loans. When it comes down to self managed super fund loans, we are the most in-depth and efficient company to contact. Call us, today!