Shift your super into a higher gear
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This presentation looks at a range of strategies for using gearing via a Self Managed Super Fund instalment warrant lending arrangement.
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Shift your super into a higher gear
- 1. SMSF Instalment Warrants Aaron Dunn, SMSF Specialist Adviser ® Shift your super into a higher gear
- 5. The parties involved Client Finds property, seeks finance (agent, buyers advocate) Lender Structures and provides finance Lawyer Create Custodian Trust, documentation for IW, conveyancing (property) Financial Planner Financial Product considerations, Investment Strategy, Insurance Accountant / Administrator Fund Admin, Annual Return & Reporting Auditor Financial and Compliance Audit
- 12. Targeting clients - #4 Find the perfect house for when you retire?
Editor's Notes
- The points on this slide are the technical requirements that you must fulfil to be able to borrow within your super account. <Go through points on slide observing/clarifying: Borrowing is used so that your super fund has the beneficial ownership of the asset and the right to acquire legal ownership through the payment of instalments. Your super fund has the right to receive the income return from the asset purchased. The second requirement is actually on the lender. The loan is a ‘limited recourse’ loan. This means if the asset you bought with the borrowed funds actually fell in value, the only recourse the lender has against you (the super fund) is against the asset purchased with the borrowed funds. The lender can’t call on any other assets of the super fund. This is important – it means your ungeared super investments remain in the fund and remain available for your retirement. The asset purchased with the borrowed funds is one a fund can ordinarily invest into. Importantly, this change we are taking about has not broadened the investment choice – you are still limited to those investments permitted under superannuation law, and what’s covered by the investment strategy for your fund. But you can now used borrowed funds to make those purchases.