Self Managed Superannuation

Agbis Financial Planning can assist you with advice on Self Managed Superannuation including advice on whether it's a suitable choice for you given your needs and priorities, as well as advice on investments and strategies for your self managed super fund.

What is a Self Managed Super Fund (SMSF)?

A SMSF is a specialised superannuation fund that can be established for up to four people
for the sole purpose of providing retirement benefits to its members.  In other words, it’s your own super fund.

What are the benefits of having your own SMSF?

• Wider Investment Choice
• Flexibility for Investment
• Estate Planning Options

SMSF can invest in a range of assets including:

• Business Real Property
• Residential Investment Property
• Unlisted Funds (Property / Shares)
• Listed Shares

Can SMSF borrow to buy property?

SMSF’s can borrow money to purchase assets provided certain strict conditions are met. This is
not a general ability to borrow money and is in the form of limited recourse borrowing.

What would borrowing enable?

A frequent motivation for establishing a SMSF is a desire to invest in direct property.

A Self Managed Super Fund can choose to purchase the following types of property:

• Residential - purchase from arm’s length vendor.
• Non-residential/non-specialised (commercial and rural purpose) - may be purchased for the full value from related parties (business real property only).

Note: When borrowing to purchase direct property, the property must be held via a Holding Trust.

To find out more about Self Managed Super Funds and whether you could benefit from using a SMSF structure, Contact Agbis Financial Planning today.