Are you interested in investing in property in your self managed superannuation fund (SMSF) but unsure whether it is allowed or how to go about it?

SMSFs are now allowed to borrow to invest. This is a recent change to legislation and while there are a number of conditions that must be met, we can show you how to easily borrow to buy property using your super.

In recent years, a combination of increasing media coverage and the tax benefits associated with property in super has lead to a spike in the number of property transactions by trustees on behalf of their SMSF. We can help you also enjoy these benefits.

Benefits of buying property in an SMSF

There are many potential benefits of buying a property through your SMSF. These include:

• Significant reduction in your Capital Gains Tax
• Fast track the growth of your super fund
• Ability to combine the total superannuation of family members towards a property investment
• Expand and leverage the assets of the fund

Getting it right

Some of the most common problems you may face when gearing to purchase property through an SMSF are:

• Difficulty understanding the process
• Getting everything done in the right order and in a timely manner
• Getting the right loan to suit your needs
• Working through the legal complexity
• Until now, a high cost associated with the transaction

Multiport makes it easy

The rules for borrowing to buy property in your SMSF are complex. But with our SMSF Gearing Package, Multiport makes the process easy for you by providing access to a competitive gearing solution all through one single application.

Coupled with either a daily or annual Multiport SMSF administration service, you can now enjoy a fully integrated solution. Our significant industry expertise delivers peace of mind.

The key reasons trustees choose the Multiport SMSF Gearing Package include:

• We work with you right from the start
• Provides a solution to take you through the whole process
• Whole of market broking solution to ensure the right loan for your specific needs
• Seamless integration of the ongoing administration of the SMSF coupled with the process of gearing the property through the fund

You select the property, we facilitate the rest

Multiport is the facilitator of the SMSF Gearing Package. We bring together all the providers and services needed to enable you to successfully use gearing to invest in property through your SMSF. In order to use the SMSF Gearing Package, you will need to select a Multiport administration solution for the ongoing administration of your SMSF.

Multiport has an agreement with a specialist mortgage broker and they will source a loan that suits your requirements.

Gearing Package

The following features are included in the gearing package and are all included in our fee:

• Security Custodian Trust Deed
• Review of existing SMSF Trust Deed (where applicable)
• New corporate trustee for the Security Custodian Trust
• Stamping of Security Custodian Trust
• Processing and relationship management with third parties
• Assistance and communication of timeframes to you and your adviser (if applicable)

How long does it take to establish?

You should allow around 60 days for completion of the process from commencement of advice to settlement of the property transaction. However, this period can be longer in some cases, with the time you take to select a property being an important factor.

For more information regarding the SMSF Gearing Package and how to take advantage of this offer, contact us on 1300 364 672.

Disclaimer: The information contained in this document is given in good faith and has been prepared from information believed to be accurate and reliable. This information is of general nature only and based on Multiport’s interpretation of the present laws but no guarantee is provided. This document is not designed to be a substitute for financial or investment advice and should not be relied upon as such. Reproduction of material in this document is only permitted with approval of the author.