Self Managed Super Fund (SMSF) Lending | Mortgage Broker Rouse Hill & Castle Hill
Self Managed Super Funds give you the freedom to manage your investment portfolio the way you want, but they also come with strict guidelines. As your local Mortgage Broker in Rouse Hill & Castle Hill, I provide clear, expert advice on SMSF lending and how to structure your loans effectively.
What is a Self Managed Super Fund?
A Self Managed Super Fund (or SMSF) is a private super fund that you manage yourself with a maximum of five other members. It means that you get to choose where your money is invested, instead of deferring to how your industry super fund chooses to invest for it's members.
SMSFs can only be used to invest for the purpose of a retirement income - you can't normally access it before you retire.
Some of the benefits include:
- It works like a regular super fund: you and your employer deposit contributions into your fund, and then you make your own investment decisions.
- Like all super funds, SMSFs benefit from generous tax concessions.
- You can have a flexible choice of investments that are tailored to you (and other fund members).
- You can use it to invest in property, even the property you plan on retiring in - which you can rent out in the meantime.
Some of the setbacks are:
- You are personally liable for all the fund's decisions, even if you get help from a professional, which is why it can be tricky to navigate on your own.
- The average member spends over eight hours per week managing their SMSF (source)
- Very strict rules apply for SMSFs, so it's vital that you speak to an expert first so you're aware of what's involved.
- Set up and ongoing running costs can be high including: accounting, auditing, tax advice, insurance premiums and more.
How can your local Rouse Hill Mortgage Broker help with SMSF?
- I provide a wide range of lender options: We believe in the value of choice which is why we have over 30 lenders on our panel. Many of them have fantastic SMSF solutions to cater for all types of investment lending.
- I can simplify the process: Many lenders have different requirements when it comes to SMSF. I will talk you through which lender would suit your SMSF strategy and what you need to provide.
- I can help you structure your loan effectively: The structure you choose for your loan is important, as is the features and loan product you choose. I'll talk you through the pros and cons for each and help you make an informed decision.
Contact your local Rouse Hill Mortgage Broker - Edric Yiu
Get in touch with me for expert guidance on SMSF lending! Whether you are based in the Hills area of Sydney or other parts of the country, I'm more than happy to be of service to you. I can help via phone, video or in-person at a place that suits you.
Call Edric Yiu in Rouse Hill today on 0431 774 310 or click the button below to request a call back.
Call 0466 181 535 Request a call from Edric
