Using Super To Buy A House

• Worried about your superannuation in today's economic climate?
• Want to have more control over your super funds?
• Interested in increasing your leverage and wealth for the long term?
• Want peace of mind going into retirement?
• Using super to buy a house can create a stable financial future!

As more and more superannuation horror stories surface, more Australians are seeing the advantages of acquiring and maintaining their own Self-Managed Super Fund (SMSF). Establishing your own SMSF not only gives you the authority to govern your own funds, but also offers you the freedom of using your super to invest in high-yield assets such as property to create a secure investment that will sustain your retirement. There are many benefits to using super to buy a house and an investment like this might be the answer to your retirement prayers.

In its current state, the share market is highly unpredictable and using super to buy a house presents an investment opportunity that has high earning and growth potential. So how can you prosper using super to buy a house? An SMSF can be leveraged to buy property using borrowed funds. All you need is enough in your SMSF for a deposit, ongoing maintenance costs, and upfront costs, and for a residential property you can typically borrow up to 70 or 80 per cent of the total property amount. Your SMSF alone pays for the property in question so you do not have to pay anything out of your own pocket. Not only is this a more stable option for your super than shares, but you will also receive many other benefits including ongoing tax concessions. You will only pay 15 per cent tax compared to the usual percentage of up to 46.5 per cent tax that you pay for properties bought outside of your super fund. And if you want to sell your house once reaching pension phase, you pay no Capital Gains Tax.

Buying a house through your SMSF gives you a more valuable asset that keeps on giving throughout its life. Rather than letting your super remain stagnant or handled by a third party, actively engage with it and control your own financial future.

If you have always dreamt of an earlier, richer retirement, then invest sensibly using super to buy a house or property. There are always inherent risks when it comes to investing your super; however, if you execute investments wisely, your super has the potential to give you a retirement far surpassing your expectations.

Seek assistance from external professionals regarding your individual circumstances to ensure you get the highest returns from your investments. Have your financial situation assessed and obtain useful industry advice about making wise investments for your future so you can control your financial destiny.

If you want professional external advice to make the most of your assets using super to buy a house, check out Super Alchemy. Super Alchemy advises everyone concerning their individual circumstances to maximise their assets and produce secure plans using super to buy a house.