SMSF lending - is it right for you?

November 18, 2014
Wayne Smith

SMSF (Self Managed Super Fund) lending is very topical at the moment.

 

Many Acountants and Financial Planners are promoting it with varying degrees of importance and many investors are happy to consider this as the "next way forward."

 

Top tips to consider with SMSF;

  • talk to the right people
  • contact your accountant and/or financial planner
  • get independent legal advice
  • research both the financial & property markets
  • make your decision upon qualified information you've received
APRA (Australian Prudential Regulation Authority) has been vocal on the topic and warns of possible negative outcomes.

The RBA (Reserve Bank of Australia) has also provided information, both positive and negative in regards to SMSF lending.

Be careful and do your due diligence to see if it is right for you.

Now is a perfect time for a Free Home Loan Health Check.

 

To find out more - contact us at Suite 2, 10-12 High St Wodonga or call 02 6056 4433.

 

Posted in: Financial planning

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