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Is Property in an SMSF right for me?

Is Property in an SMSF right for me?

Q: I’ve heard people say that buying property in an SMSF is better because of the tax benefits. We don’t have enough savings for a property and I don’t want to miss out on the property market. Do you think an SMSF is right for us? We meet with many families in this...
Can I use my super to buy a home?

Can I use my super to buy a home?

The SIMPLE answer to this question is.. no. But as with most financial matters, the real answer to whether you can purchase a house with your super is, it depends. It all boils down to: The purpose of the property purchase How much you have in your superannuation...
How Does an Offset Account Work?

How Does an Offset Account Work?

An offset account is a super-charged savings account that is attached to a loan account. The primary benefits of having an offset account are to lower the interest you pay and the time you take to pay back a loan. But there are several other benefits of offset...
What Does a Financial Planner Do?

What Does a Financial Planner Do?

You may have a vague idea of what financial planners do. Do you think they help people who have extra income to manage their money and plan for the future? If so, you are correct. However, they serve a much broader population. Even people without a lot of extra income...
What is the Maximum Superannuation Contribution Base?

What is the Maximum Superannuation Contribution Base?

Companies in Australia are responsible for paying into their employee’s superannuation. In the 2016-17 financial year companies need to pay an additional 9.5% pa of each employee’s salary into their nominated super fund. This amount is set to increase steadily to 12%...