With the increasing uncertainty mounting towards the share market and investing, it’s understandable that more people are looking for better ways to invest their super for a comfortable retirement. When you learn
how to use superannuation to buy property
, you can make a more secure investment and ensure your financial future is mapped out and prosperous. Using your Self-Managed Super Fund, you can now buy property and set yourself up for retirement. In the case of residential property, you can use your SMSF for a deposit, ongoing expenses, and up-front costs, and borrow up to 70% from a trusted lender. If you have other assets in your super, they are all protected and your lender only has recourse against the property in question. Your super fund pays for any shortfall, and you receive the benefits of no out-of-pocket expenses for holding the property.If you think that owning property is your key to a happy retirement, learning how to use superannuation to buy property will be even more beneficial for you. A property purchased through your SMSF only incurs tax of 15% rather than the normal amount of up to 46.5%; purchasing property inside your super gives you an equitable asset, saves you out-of-pocket expenses, and rewards you with dramatically decreased taxes. And if you sell your property in pension phase, there is no Capital Gains Tax. You’re investing in a long-term plan that will give you not only a comfortable retirement, but also an early one. Rather than risking your precious super in a volatile share market, make a solid investment and learn how to use superannuation to buy property. Actively engaging with your SMSF is the first step to taking control of your financial destiny, and setting up your SMSF can be done through a simple process. Take control of your financial future today and find out how to use superannuation to buy property.