Make Your Super Work For You
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, as long as you comply with the Rules of creating a Self-Managed Super Fund (SMSF), you can now borrow to purchase property directly via your own 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 by purchasing a Meriton Apartment.
There are many advantages in your complying SMSF investing in a Meriton Apartment:
Paying off your investment property by using your employer’s super contribution, the rent received for the property plus salary sacrifice contributions;
Couples can combine their existing super balances into their own SMSF ultimately increasing their borrowing capacity;
The deposit required may be obtained from your current Superannuation Fund balance;
A “limited borrowing recourse arrangement” is entered into allowing the bank to recover the debt from the Superannuation Fund itself, not the individual or other funds;
No Capital Gains Tax is payable if the Meriton Apartment is sold in the “pension phase” from age 60;
Only 10% Capital Gains Tax payable on the Meriton Apartment sold by the SMSF where the members are under age 55;
Only 15% Tax when contributing to pay off the amount owing on your property through your SMSF, as opposed to your individual nominal rate of tax which can be up to 48.5%;
Invest in safer direct property than the volatile share market;
Investors using their super to invest in direct property have been vindicated as their return held up better than listed property during the financial turmoil.
Managing your Superannuation Fund is a big responsibility. There are strict rules set out by the Australian Taxation Office which must be complied with in order to receive the abovementioned benefits.
Meriton Group advises that independent legal and financial advice in relation to your Superannuation should be obtained from qualified professionals in order to make the right decision.
For More Information
To help decide if a SMSF is right for you visit:
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Meriton accepts no liability or responsibility for the accuracy or completeness of the information contained on this website. Meriton will not be held liable for any loss or damage arising out of any use of or reliance on this information.