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161. Purchasing a Property Using Super
Manage episode 448637593 series 3559707
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Welcome back to another episode of the 360 Money Matters Podcast!
In this episode, we discuss the intricacies of purchasing property using superannuation, particularly through a Self-Managed Super Fund (SMSF). We outline the fundamentals of SMSFs, including the flexibility they offer within the confines of superannuation legislation, as well as the responsibilities involved, such as managing contributions and undergoing annual audits. Also, we cover the costs associated with establishing an SMSF and the potential for property investment, emphasizing the strict regulations that prohibit personal use of SMSF-owned properties and the limitations on related party transactions.
Tune in now to gain the knowledge you need to make informed decisions about your superannuation and property investments!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
Using superannuation to purchase property
Self-managed super fund (SMSF) basics
SMSF costs and property aspect
SMSF property limitations and benefits
Diversification and retirement considerations
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