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Buying Property Through Your SMSF

February 06, 2012 | Comments: 0 | Views: 99

• Want to make your super money work harder for you? • Want to actively increase your wealth and assets for a more stable retirement? • Don't trust the share market with your precious super money? • Interested in using property for your retirement funds? • Buy property through your Self-Managed Super Fund and shape your own financial potential!

If you want to take control of your money and your future, then a Self-Managed Super Fund (SMSF) might be the right choice for you. Choosing to organise your superannuation money into a self-managed fund is a big responsibility, however it also allows you to determine how successful and comfortable your retirement will be. More Australians are realising the potential in buying property through your SMSF.

Buying property through your SMSF enables you to become actively engaged with your super money and establish your retirement with a tangible, reliable investment solution. In buying property through your SMSF, you are joining the ranks of other proactive Australians who are boosting their future safely to retire richer and earlier.

You can leverage your SMSF to borrow to invest in property, with residential properties being able to gain up to 70% LVR. With the share market fluctuating the way it is, buying property through your SMSF presents a welcome opportunity to create a solid investment that generates long-term wealth. And your SMSF pays only 10% Capital Gains Tax if held for more than 12 months and no Capital Gains Tax if you sell the property in pension phase. An SMSF home loan has numerous tax benefits and your lender has no access to any other assets within your SMSF.

Self-managing your superannuation funds allows you the freedom of buying property through your SMSF and setting yourself up for retirement with a more substantial asset. Property gears better and is more likely to gain a higher loan amount from lenders, effectively giving you an asset that is constantly growing. Varying rules and regulations apply to both residential and commercial properties and their intended purposes but deposit, any shortfall, and ongoing costs are covered by superannuation contributions until the property becomes self-funding and blooms into a valuable retirement resource.

It is always recommended and encouraged that you seek external advice for your individual financial circumstances. Professional consultants understand that while you want to boost your retirement assets, you also want to be secure in your investments and create a sustainable financial future. Their guidance allows you to actively participate in influencing your financial destiny. Using your super wisely to buy property has the potential to save you sizeable amounts of money and gain you the early retirement you deserve.

If you want to find out more about buying property through SMSF, then Super Alchemy can help. Visit them to find out more about buying property through SMSF and gain valuable advice to boost your super savings.

Source: EzineArticles
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