Today, there are more than 1 million Australians who have decided to take charge of their super and are running a Self Managed Super Fund (SMSF). Representing a combined asset value in excess of $550 billion, it's the biggest single pool of assets inside the Australian superannuation system: larger than both industry and retail funds.
How you manage your super today will have a significant impact on the choices you have in retirement, which is why SMSFs are rapidly becoming the vehicle of choice for investors who want greater control of their retirement savings.
With an SMSF you can:
Take control of your super
Access a wider range of investment options, including direct property
Enjoy flexibility to implement effective tax strategies
Instigate estate planning
Pool family assets
Setting up an SMSF
We’re experienced at setting up SMSFs, so we’ll make the process as easy as possible for you. We deal with all the paperwork, liaise with the legislative bodies so your SMSF can commence right away. You’ll need to sign documents along the way and make some decisions, but we can take care of the details.
Borrowing in your SMSF
We're specialists in Limited Recourse Borrowing Arrangements (LRBAs) that are required for SMSFs to purchase residential and commercial property inside your fund. Talk to us about the property purchase you might be considering.
SMSF administration support
We’ll support you in the administration of your fund by:
Establishing SMSF structures
Corresponding with the ATO on various issues
Preparing trustees’ minutes in relation to certain events
Preparing year-end financial statements for your SMSF
Preparing and lodging the fund’s annual income tax and regulatory return
Preparing an annual actuarial certificate
Coordinating the annual independent audit of your SMSF.
SMSF administration and support shouldn't be complicated and with our guidance and advice it doesn't have to be.
Borrowing in a Self Managed Superannuation Fund
WD Nicholls Makes SMSF Lending Easy
You already know a Self Managed Super Fund (SMSF) provides you with control, flexibility and choice. You get to decide where and when you invest the assets of your Fund. It also allows you the option for borrowing for direct investment in property through SMSF Lending with a Limited Recourse Borrowing Arrangement (LRBA).
With Australia's preference for real estate, it's not surprising that the number of people using their SMSF to invest directly in commercial and residential property is growing steadily. Direct investment in real property now accounts for around $80 billion or 15% of the total assets invested in SMSFs.
Northern Rivers and Gold Coast Lending Specialists in SMSF Lending Arrangements
While there are clear guidelines about what your Fund can do and can't do, borrowing to invest within your SMSF follows similar fundamental principles as borrowing to invest outside your fund.
Some of the key benefits of borrowing within an SMSF to invest in property are:
Increased Purchasing Power
We can assist you with finance from a range of lenders that will suit you and your fund's circumstances and you'll benefit from dealing with qualified SMSF lending consultants who liaise directly with a specialist SMSF accounting firm.
Borrow 70% of property value
Cover repayments with rental income
Fixed and variable rate options
Interest only available
What are the costs of a SMSF Property Loan?
How Much Deposit is required for a SMSF Property Loan?
Do I need to get specialist advice when setting up an SMSF Property Loan?
Why use a specialist SMSF Property Loan broker?
Call WD Nicholls Chartered Accountants for more help on 02 6684 2502
Advice will be provided by Tracy Simpson and Helen Hutley as authorised representatives of SMSF Advisers Network Pty Ltd, AFSL No. 430062