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What is a personal guarantee? A personal guarantee is a legal commitment made by an individual to repay a loan or debt if the primary borrower, such as a business or trust (in this case, an SMSF), fails to repay the loan. In other words, if the entity taking out the loan cannot repay it, the lender can pursue the individual who provided the personal guarantee to recover the debt. This guarantee is often required by lenders to reduce their risk, especially when lending to enti

Using superannuation to buy a house in Victoria might seem like an appealing option, but there are specific rules and schemes you need to understand. Here’s a comprehensive look at how you might leverage your superannuation for property purchases in Victoria. Can I withdraw my super to buy a house? Without meeting a condition of release (such as retirement), generally speaking, you cannot use your super to purchase a house . But there are exceptions to this rule with the Firs