An alternative way of building up your retirement savings.
While most of us will hopefully accumulate enough superannuation throughout our working lives to have a comfortable retirement, many of us simply won’t have the funds there to splurge on something nice every now and then.
What if we could tell you theres a way to boost your superannuation earnings that reduces the amount of tax you have to pay on your contributions at the same time would you be interested?
As one option to consider, by purchasing an investment property within a Self-Managed Superannuation Fund (SMSF), you can use the power of leverage to boost the growth of your retirement savings. The interest on the loan is 100% tax deductible which means not only will you be making more money; youll be saving tax at the same time!
The other benefit of investing in property through your SMSF is diversification. Some people are tired of the share market going up and down like a yo-yo and prefer property as an investment. Investing in property in additional to shares will mean you wont have all your eggs in one basket. This gives you peace of mind knowing a sharp downturn in shares one day wont be the end of your retirement savings.
Sounds good? Absolutely, but it isn’t something you should rush into without discussing your situation with your CHJ Financial Accountant or Wealth Advisor first. Investing in property through an SMSF can be complex and you will need to be confident in your numbers before you get started.
We’re here to help you!
Make an appointment with us today to discuss your situation and see if property within an SMSF is right for you.
CHJ Financial Team