PROPERTY INVESTMENT IN A SELF MANAGED SUPERANNUATION FUND

• Take Control of your Retirement Funds.
• Pay Only 15% Tax on Contributions & Earnings before your Retirement*.
• Pay No Tax at Retirement Age on either the capital gains if you sell the investment property or the rental income if you continue to hold your investment*.

The concern for a growing number of people is that the average superannuation pay out will only provide one quarter of their required income for retirement. A significant number of Australians are concerned by the consistently poor or negative returns from their Superannuation Funds, as the funds even struggle to keep up with inflation.

Many Australians are now turning to property investment in a Self-Managed Superannuation Fund (SMSF) to provide more financial security and potentially better long-term returns than the often volatile stock market.

Unlike any other superannuation funds, a SMSF allows individuals to determine and manage their own superannuation investments and take control of their important investments. Latest figures from the Australian Tax Office show a 50 per cent increase in property investment via SMSF’s since June 2008.

BENEFITS OF A SMSF

The benefits of having your own Self Managed Super Fund include:

• The ability to borrow money to buy residential property and once in retirement age, the SMSF is converted into an allocated pension which allows the rental income generated to be non-taxable and any capital gains on these assets will have 0% tax payable*.
• Significant tax advantages not possible in other types of funds. Before retirement, the maximum tax payable on capital gains and rent earned by your SMSF are taxed at only 15% (providing the fund complies with regulations)*.
• Diversification in your property portfolio, through the ability to acquire properties through the SMSF.
• Direct control of your Super Investments, enabling you to have a complete understanding of where your money is invested – not allowing another fund to invest your retirement funds.
• SMSF’s can be cost effective, saving you thousands of dollars in ongoing administration fees charged by the Industry Superannuation Funds.
• Assets held in a SMSF are protected from creditors and potential lawsuits
• Purchase life insurance and income protection for all members of the SMSF, through any insurance company. The premiums are all 100% tax deductible.

HOW WE CAN HELP YOU

SMSF’s allows greater investment choice and control over how and where your money is invested. Property Wealth Network works with specialised Accountants and Tax Agents who can help you achieve your financial goals and create enough wealth so that you can retire comfortably. Our highly reputable accountants can assist you in:

• Establishing your very own Self Managed Superannuation Fund.
• Establishing a Corporate Trustee.
• Creating Trust Deeds and Amendments to Trust Deeds.
• Completing annual administration of SMSFs.
• Completing Financial Statements, Income tax returns & regulatory returns.
• Undertaking annual audits of your SMSF.
• Completing Member contribution statements.
• Helping you implement various strategies for converting SMSF from accumulation to pension phase.