YOUR SUPER FUND CAN NOW BORROW TO PURCHASE RESIDENTIAL PROPERTY

Buy property using your Super today!

Be in control of your own super by investing in a Meriton Apartment

As a result of legislative changes to Superannuation Law, you can now borrow to purchase property directly via your own self managed super fund (SMSF). As property prices continue to soar, now is an opportune time to secure your financial future. Take advantage of high yields, low vacancy rates and strong anticipated capital gains.

The main advantages of purchasing a Meriton property directly through your SMSF;

• You can pay off your investment property by using your employer’s super contributions + rent received.
• Couples can combine their existing super balances into their own SMSF increasing their borrowing capacity.
• Individuals do not go into debt and the deposit required is obtained from the current superfund balance.
• The debt is limited recourse, allowing the bank to recover the debt from the superfund property itself , not the individual.
• Only 10% capital gains tax (CGT) is payable by the fund when the property is sold. If the property is sold in the retirement pension phase then there is no CGT payable at all, which is usually 30%-35%.
• You pay only 15% tax when contributing to pay off the debt on your property through your SMSF, as opposed to your individual nominal rate of tax – which can be up to 48.5%.
• Direct property is not as volatile as the share market.
• Investors using their super to invest in direct property have been vindicated as their returns held up better than listed property during the financial turmoil.