SMSF Loans

As we pass through the self-managed super fund (SMSF) Annual Return (SAR) season, it’s likely you recently went through the process of locating all of the required information and documentation in order to prepare your SMSF tax return. Did you find the original copy of your SMSF Trust Deed ? And have you put it back somewhere safe? If you’re in the unfortunate position of having lost your SMSF Trust Deed, simply obtaining a new copy to carry on may not be an option. Creating

With the market turbulence of COVID-19 finally stabilising, have you looked to update your self-managed super fund (SMSF) investment strategy? Not only is an appropriate strategy compulsory for SMSFs, but a dynamic and relevant investment strategy can be the driving force to ensuring your retirement savings can weather any future storms on the market horizon. We guide you through the importance of updating your investment plan and refresh your memory on what you should be co

When used correctly, offset accounts can have huge benefits for SMSF loans. However, due to the complex nature of limited recourse borrowing arrangements (LRBA), there are dangers to offset accounts if they're not structured correctly. How does an SMSF loan work? The Superannuation Industry Supervision (SIS) Act 1993 prohibits trustees from borrowing money to invest in super unless the loan is structured as a limited recourse borrowing arrangement (LRBA). This is in part due

In the growing pool of information out there on self-managed super funds, it can be confusing to determine exactly what the benefits of SMSF are and how they can work for you. From complicated tax rules to foreign terminology, translating the advantages of self-managed super fund (SMSF) ownership can make you feel like you’re drowning in info-overload. At SMSF Loan Experts, we’ve waded through all there is to know about owning an SMSF so you can dive straight into the good bi

There are many important decisions to be made when you own an SMSF, including who acts as the trustee of your fund. As you may expect, there are some strict rules about who can become an SMSF trustee and their responsibilities. If you’re unclear on the rules and responsibilities of trustees, we are here to explore the duties of a trustee in Australia. Such as, trustee responsibilities, trustee obligations, who can be a trustee, and the different structures you should consider

The changeover of the new financial year has likely prompted you to start preparations for your income tax return or business activity statements, but are you up to speed on what’s required for your SMSF Audit? Self-managed super fund ownership brings with it many responsibilities of which blissful ignorance can spell disaster and pain to your back pocket. We help guide you through what is required for your self-managed super fund audit and how you can make sure you are ful

The new financial year is upon us. With it comes a suite of changes to various superannuation caps and thresholds, which open the door to new strategic opportunities for your SMSF. We give you the heads up on why you should be conducting a contributions check-up this financial year. What changes are there to super contributions? The first of July 2021 kickstarted an array of changes to the superannuation world, notably the indexation of contributions caps, transfer balance ca

An exciting milestone has been reached on the journey to allowing you to have more members in your SMSF and to contribute more to super – for longer!On Thursday the 17th June, both houses of parliament passed the bill to increase the number of members allowed in an SMSF and also the measures to extend the superannuation bring-forward age to 67. This could mean significant changes for you and your SMSF. Contributing more / for longer Historically, superannuation members could

As another financial year comes to an end, it's time to ensure that your Self-Managed Super Fund is compliant and end of financial year ready. We’ve made SMSF EOFY administration as streamlined as possible by compiling a helpful checklist: Contribution Caps If your Self-Managed Super Fund is in accumulation phase, be sure to review the level of contributions you’ve made for the 2021 Financial Year. Concessional Contributions Concessional contributions are those that are taxed

If you’re a business owner with an SMSF, it’s possible to become your own landlord and take advantage of tax and super benefits. Do you rent a commercial property for your business to operate out of? Imagine if all the rent you pay was going straight back into your own pocket. If your SMSF buys a commercial property to rent to your business, you’re basically becoming your own landlord and paying rent to yourself. But are you allowed to rent a property from your SMSF? When i

If you’re like the many other SMSF members who primarily hold property in their super fund, you may be breaking superannuation laws and exposing your fund to high levels of risk. But don’t panic — there are steps you can follow to ensure your SMSF remains compliant while minimising risk. my SMSF invest solely in property? It’s important to note that while a single asset strategy is not prohibited, the grounds for investing solely in property — or any other asset class — must

Superannuation is a long-term game. You’re investing to fund your retirement, so depending on how far away you are from retirement, your investment horizon is likely going to be quite broad. When actively investing in an SMSF — whether in an NDIS property investment , art, stocks or commercial property — it’s only natural to wonder, when can I access my super? Well, the answer is, there are a few different circumstances where you can access your super and a couple of options

If you’re wondering if you can renovate your SMSF investment property, the short answer is ‘maybe’. The long answer depends on a few different factors, including what type of renovation you’re looking to do and the source of your funds. Choose your scenario below for more details on renovating your property. Your self-managed super fund purchased the property without needing a loan If the purchase of your SMSF property was made entirely without the help of a mortgage, you are

When it comes to running a self-managed super fund , the good news is that most people are doing the right thing, but there are so many rules and regulations concerning SMSFs, which can make some aspects a little tricky to keep on top of. While SMSF regulations exist to keep things in line, we're all human, so mistakes are always bound to happen. Awareness is key to prevention, so here are the top five mistakes made when running an SMSF . Separation of Assets The ATO reporte

If your Self Managed Super Fund is holding cash reserves and generating a dismal return, we might have the answer for you — you could reap the benefits of an offset account. Whether you’re keeping cash for liquidity reasons or simply waiting to find the perfect asset to invest in, this feature is a great way to get your money working more effectively, and saving you interest costs.  What is an offset account? It is an everyday account connected to your SMSF mortgage or inves

Refinancing your SMSF loan could save you thousands of dollars and could potentially add up to hundreds of thousands by the time you are ready to retire. We address the top concerns regarding SMSF loan refinance . Eligibility Criteria to Refinance SMSF Loan For SMSF loan providers to consider offering finance to SMSFs, the fund must meet certain eligibility criteria. Existing Loan When it comes to your current loan, lenders will want to see that it is more than one year old

As we are all well aware, the Coronavirus pandemic has significantly impacted the way the world works regarding our lifestyle, work-life and education. The extraordinary effect it’s had on the economy has meant that many industries have needed to tighten regulation and introduce unsustainable policies in the interim to endure the uncertain conditions we’re inevitably facing. Fiscal policy and the regulatory authorities’ response to COVID-19 have seen several changes come into

In Australia, employers must contribute 9.5% of an employee’s wage into the employee’s chosen superannuation fund. For example, someone earning a wage of $100,000 a year will see a $9,500 contributions made to his or her superannuation fund over 12 months. Unlike the top dollars of that person’s income which are taxed at 39%, the above super contributions are “only” taxed at 15 (https://www.ato.gov.au/rates/individual-income- tax-rates/). It may therefore be attractive for t

There’s a growing number of people taking advantage of their Self-Managed Superannuation Funds. Recently, the Australian Taxation Office released statistics on SMSFs derived from annual data for 2016, which also included the type of investments the trustees chose as well as the amount of SMSF money invested in different types of asset. In the data released by ATO (SMSF supervisory levy 2013-2017) , it revealed that almost 600,000 SMSFs are being run by over 1.1 million truste

Why are SMSFs such a popular way to invest in property? Many people already understand or have experienced for themselves that property investment can be a great way to build wealth. It’s also widely recognised that having the ability to borrow money for investment is a terrific strategy for accumulating wealth. Property investment itself – inside or outside of an SMSF is generally perceived as being less volatile than investment in shares. Estate planning allows investors t