The growing popularity of property investment within self-managed super funds (SMSF) has certainly attracted a new breed of SMSF trustee, but has also attracted the interest of the Australian Taxation Office and ASIC as they continue to regulate this growing sector.
It is important that individuals investing in property for their retirement understand the key issues of not just property investing, but also the roles and responsibilities that come with being the trustee of a self-managed super fund.
To help explain how this strategy works, I have developed the above video with our friends at Doodler to assist trustees and prospective trustees navigate around borrowing to acquire property within a SMSF.
It can be a highly effective strategy to build wealth for retirement, but it is paramount that you obtain the right advice from SMSF professionals.
I’d love to hear your feedback about the first of our new videos with John, Katie and “SMSF”…