

Self-Managed Super Fund Lending

Government legislation permitting Self-Managed Super funds (SMSF) to borrow money for the purpose of acquiring property is still relatively new.
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Many people view this avenue as a means to diversify their portfolio via a tax effective mechanism in order to further provide for their retirement phase in life.
Things to consider when Borrowing in a SMSF:
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The costs associated with establishing a SMSF and the Bare Trust which beneficially owns the acquired property can often be far greater than originally estimated
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SMSF legislation is both complex and continually changing with lack of compliance to these laws being viewed negatively by governing bodies such as the ATO
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Once these facilities are established they are very difficult to “unwind”
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It is extremely important to obtain independent financial advice by a qualified individual accredited to discuss SMSF
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JCM Finance can assist by liaising with your Advisors (ie Accountant; Solicitor; Financial Advisor) to ensure that the most appropriate funding package is obtained to meet your needs whilst adhering to the recommendations provided by your Advisors.
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