Give your Super
a Boost!
An alternative way of building up your retirement
savings.
While most of us
will hopefully accumulate enough superannuation throughout our working lives to
have a comfortable retirement, many of us simply won’t have the funds there to
splurge on something nice every now and then.
What if we could
tell you there's a way to boost your superannuation earnings that reduces the
amount of tax you have to pay on your contributions at the same time - would
you be interested?
Who wouldn't!
As one option to
consider, by purchasing an investment property within a Self-Managed
Superannuation Fund (SMSF), you can use the power of leverage to boost the
growth of your retirement savings. The interest on the loan is 100% tax
deductible which means not only will you be making more money; you'll be saving
tax at the same time!
The other
benefit of investing in property through your SMSF is diversification. Some
people are tired of the share market going up and down like a yo-yo and prefer
property as an investment. Investing in property in addition to shares will
mean you won't have all your eggs in one basket. This gives you peace of mind
knowing a sharp downturn in shares one day won't be the end of your retirement
savings.
Sounds good?
Absolutely, but it isn’t something you should rush into without discussing your
situation with your Accountant or Wealth Advisor first. Investing in property
through an SMSF can be complex and you will need to be confident in your
numbers before you get started.
We’re here to
help you!
Make
an appointment with us today to discuss your situation and see
if property within an SMSF is right for you.
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