Self Managed Superannuation Funds

In September 2007, amendments were made to the Superannuation Industry Supervision (SIS) Act 1993, allowing for a regulated SMSF to borrow or acquire assets by a third party.  Beneficiaries of the superannuation fund are held on trust for the SMSF.  An SMSF can now borrow money to acquire property assets up to a maximum of 65% for commercial property and up to 80% on a residential property.  The asset belongs to the superannuation fund and any profits from the sale of the asset can’t be accessed until retirement age.  Talk to us about your SMSF.

self managed superannuation funds