Self Managed Super Fund (SMSF) home loans are more complex than regular home loans, as any property purchased must be for the sole benefit of the SMSF, not the individual trustees.
The property must also provide a market return, that will be used to benefit the super fund members when they reach the retirement age of 65.
While you can both borrow and loan money from an SMSF for the purpose of buying property, there are many restrictions, regulations and conditions that you must meet to ensure that the purchase is legal.
If the purchase is not legal as per the Australian Taxation Office (ATO) guidelines, you may risk losing half of the assets in your SMSF, and face thousands of dollars in fines.
Why not let a qualified professional do the shopping around for you. That way you can be sure that you have the best financial arrangements to suit your needs. Talk to us about a SMSF loan today.