SMSF - Self Managed Super Fund Loans

We’ve all heard the fuss about Self Managed Super Fund Lending and Loans. But do you know the details? Do you want to know the details? This blog post will unlock some important information for you to consider before diving into SMSF Lending.

Firstly, setting up and establishing a SMSF can be a costly exercise. We recommend appointing a Project Manager to assist with your goals and plans… and fortunately… you found us. Our Society.

The Broker Society is accredited to complete SMSF (Self Managed Super Fund Lending) and we can assist you in working out if you have the capacity to apply for a mortgage in SMSF before paying the fees to get a fund set up and established. We can also introduce you to some great people like Financial Planners and SMSF Specific Accountants if you dont already have one in your corner.

Its important to get the process right.

SMSF is a complex tax and financial environment which has hefty fines if not adhered to. If you are unsure, you should always seek guidance from your team of advisors before setting up or making decisions for your SMSF.

As a director and beneficiary of the fund, and a trustee, your entrusted to make good and legal decisions for your fund and its outcomes. Not understanding the rules is not an excuse when it comes to the complex world of super fund.

We’re here to guide you on the mortgage and loan process and you should always get the right advice from your legal and accounting team prior to making any decisions.

So, the steps. First step is to understand how much you have available in your Super. Rounding up any lost super funds and rolling them into one account is a great place to start. Then start to consider your short, medium and long term goals for your fund.

Once you have established the above, it is time to reach out to The Broker Society so we can work out your lending options. Then, it is time to get some financial advice and accounting advice, and work towards getting your Self Managed Super Fund and Bare Trusts set up.

Once done, you can engage legal council like a solicitor or conveyancer in your state to assist with contracts (before signing) Be sure to check in with us along the way to assist in ensuring the contracts are being signed in the correct entity.

Once a contract is signed, it will be time to finalise your finance terms with your lender. Not all lenders do SMSF lending and that’s where we come in. To help you find the right lenders for your circumstances.

We’re here to hold your hand along the way and keep you informed of your options.

When you’re ready, we will be here to welcome you to The Broker Society.

Client Story

We recently assisted a client in Cooroy QLD, who has been wanting to purchase a commercial premises for their business to trade from. They didn’t quite have enough equity to do this in their business, but with careful planning with their accountant and the team here at The Broker Society, we were able to assist them in purchasing the commercial property within their Super Fund as a SMSF. Now remember, SMSF Properties cannot be rented to related parties or yourself, but the rules are a little different for Commercial Property SMSF and as we mentioned above, it’s great to get the right advice before diving in.

If you have been considering if SMSF lending is right for you, reach out so we can help answer some questions to get you Super Fund ready.