It’s important to have a goal in place when making super plans. Think about the sort of goals you have for life after work such as travel or hobbies, and consider whether you have the funds to make it happen. Fine–tune your plans to match your likely retirement income.

You need to have the time and skills to manage your SMSF, and there are ongoing running costs. You’ll also need to make investment decisions for the SMSF, including formulating an investment strategy that you review regularly. You’ll need to understand the restrictions on the investments an SMSF can make.

There is a small niche of lenders who specialise in SMSF property lending and we maintain positive, longstanding relationships with many of them as part of our lender network. Don’t spend valuable time chasing down and comparing lenders who may not be able to assist you.Talk to us today.

More investment control:

You directly control where and how your super is invested.

More investment choices:

You can choose from a wide range of investments.

One fund for the family:

You can set up a fund for yourself and up to three other people. So you can consolidate your super balances.

Borrow to make larger investments:

Your SMSF could make a larger investment in assets such as shares and property by using cash in your fund and borrowing the rest.

Fund requirements:

There are strict legal obligations for running your own fund. Penalties apply if you don’t meet these requirements.

Time and money:

It takes time and money to set up an SMSF, and deal with the day to day requirements of running your SMSF.

Making investments:

As a trustee, you determine which investments make up your fund. If you don’t have the right knowledge to make informed decisions, you could affect your retirement savings.

Regulatory changes:

You need to be aware of any changes to the superannuation laws and make sure your fund is compliant.