5 Things You Should Consider Before Purchasing Property With SMSF - Superannuation Rescue
If your dream of owning an investment property seems to be at distant, then time has come to us your super fund to make it a reality. However, before deciding if it’s right for you, you need to understand some complexities about purchasing a property with your Self Managed Super Fund . Here are top 5 considerations to keep in your mind before you go any further… 1. Setting up a self managed super fund and a property investment strategy An SMSF is a trust, where your hard earned money is controlled by trustees of the fund for the retirement aim of the SMSF members. In Self Managed Super Fund, the members of the super fund are generally the directors or trustees of the company too. Thus, they have the power to decide where to invest the fund’s money. Self-managed super funds are controlled by the Superannuation Industry (Supervision) Act 1993 (SISA). It is the supreme duty of directors to abide by this Act and the other rules & regulations concerning the s