the "step-by-step guide to buying property with a self-managed super fund" slideshow

“The step-by-stepguide to buyingproperty with super”

Presented by SF Wealth Management P/L, an authorised representative of Luiten Shores Financial

Planning ACN 141 687 836 Australian Financial Services Licence No. 358840

© Super Finance – All rights reserved

Disclaimer

SF Wealth Management Pty Ltd is an authorised representative of Luiten Shores Financial Planning Pty Ltd,

ACN 141 687 836, Australian Financial Services Licence No. 358840 and Life Insurance Broker.

This document has been prepared for general information purposes only and not as specific advice to any

particular person. Any advice contained in this document is General Advice and does not take into account

any person’s investment objectives, financial situation and particular needs. Before making any investment

decision based on this advice, you should consider, with or without the assistance of an adviser, whether it

is appropriate to your particular investment needs, objectives and financial circumstances.

A Product Disclosure Statement on any financial product mentioned in this document should also be

obtained and read prior to proceeding with an investment decision. Luiten Shores Financial Planning and

its representatives may have an interest or associations with the product providers detailed in this report,

and will be entitled to receive remuneration for the provision of personal financial product advice by means

of commissions and/or fees and other benefits. If you proceed with personal advice, details of

remuneration and associations will be detailed in full within a Financial Services Guide and Statement of

Advice.

Although every effort has been made to verify the accuracy of the information contained in this document,

Luiten Shores Financial Planning Pty Ltd, its officers, employees and agents disclaim all liability (except for

any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the

information contained in this document or any loss or damage suffered by any person directly or indirectly

through relying on this information.


Foreword

The process of utilising your super to invest in property is

complex and often difficult to implement. To do this, we call

upon a number of experts to execute various important tasks:

1. Financial Planner (strategist)

2. Mortgage Broker (lending expert)

3. Accountant (executioner)

4. Lawyer (compliance manager)


This professional network combines

expert knowledge into a single

advisory unit… providing you with

One Voice, One Direction.

Outside Super vs Inside Super


WHAT YOU’LLDISCOVER

Who is suitable to buy property through

super

More reasons to buy property through

a SMSF

The process of buying investment

property through super

Traps and pitfalls to avoid

How to take the next steps


SF Wealth Management (aka Super Finance)

specialises in helping our clients grow their

wealth through clever investment techniques

including SMSF and direct property (if this is

deemed to be a suitable strategy).

Founder and Principal, Yannick Ieko, was

named the 2010 Rising Star of Vow Financial

(Out of hundreds of brokers).

Already helped hundreds of Australians

do this

ABOUT SF WEALTHMANAGEMENT


WHO QUALIFIES? Minimum super balance of approx. $150,000

(combined between up to four members)

Household income of $90K+

Be over 18 years old

Be a non-government employee

Capable of trustee responsibilities


WHY BUY PROPERTY

THROUGH SUPER?

Super is the ultimate wealth accelerator

Significant tax advantages

You may already have the money in super for

the deposit

No out-of-pocket costs / “cashflow friendly”

More control over your super

Access direct property through super


516,925SMSFs as of Sep 2013. Source: ATO


“What is the processof setting up a Self

Managed Super Fund?”


SMSF = TRUST A trust: “a legal entity through which things

are done on behalf of someone else”

One or more trustees: people who make

decisions on behalf of the trust

A trust’s members: people to whom the

benefits will be distributed


Trust Structure


TRUSTEERESPONSIBILITIES

• Becoming a Trustee of an SMSF carries certain

duties and responsibilities. These include:

Ensuring the fund is properly managed

Making sure the fund complies with all laws

Manage the fund separate to your own

personal affairs

• New trustees (or Directors of corporate trustees)

must complete and sign a declaration (NAT

71089) to confirm you understand your duties

and responsibilities.


HOW TO GET SET UP

A full Financial Plan for the SMSF and its

Members

Setup of your Self-Managed Super Fund

Setup of the bare trust

Setup of 2 x corporate trustees

Setup of SMSF bank account

Manage the rollover from your existing

fund(s) into your SMSF

Guaranteed legal documents


HOW LONGDOES IT TAKE?

Request for Tax File Numbers and ABNs

from ATO …up to 28 days

Super fund rollovers… up to 21 days

Our Average timeframe… 35 days

We guarantee… 60 days


You can now purchase:

Established property

“Off the plan”

⤬ House and land package

YOU’RE READYTO BUY!

Tip: We strongly encourage you to sign a 60 or 90 day settlement contract

Tip: Make absolutely sure you sign any contract in the correct name (NOT your own personal name, or the SMSF name)


GETTING FINANCE You can usually borrow up to 80% of the

property value

Your super fund has to provide the 20%

deposit, plus purchase costs of ~5%

Simple affordability calculation: multiply

your super balance by 3 (e.g. 200K in

super means you can afford a $600K

property)


FINANCINGTHROUGH SUPER

Application fees are a higher than for

standard loans

Interest rates are currently around 1%

higher

But… the benefits easily outweigh these

higher costs


ADVANCED SMSFSTRATEGIES

“Related Party Loan”: Becoming your own

SMSF private banker

Purchasing commercial property

through super

Ability to source from a range of

sophisticated investments incl. Structured

Products & Manufactured Equity Product

Recontribution strategies

Transition to retirement strategies


ACCESSINGYOUR MONEY

You’re free to sell any property(s) within

super prior to retirement age, although

you’re not able to withdraw the funds until

at least age 55 for some and 60 for most

If you do sell a property before

retirement, then any capital gains on the

sale are taxed at 10%, assuming you’ve

held the property for at least 12 months

Zero tax is payable in retirement

“Recycle” taxable income and convert it

into non-taxable income


TOP 6 REASONSTO CHOOSESF WEALTH

MANAGEMENT

1) We specialise in SMSF and building

investment strategies for SMSF including the

use of direct property investments

2) We are authorised financial advisers and are

qualified to deliver financial advice

3) We don’t cut corners with cut-price legal

documents

4) Our solutions are fully customised to your

situation

5) Value for money

6) Our unique Triple Guarantee


OUR UNIQUE TRIPLE GUARANTEE

1) If we don’t deliver on time and set up your

Self-Managed Super Fund so you’re able

to have a property sitting in your SMSF

within 60 days of engaging our services,

we will waive the entire cost of your SMSF

setup.

2) If we don’t fully disclose all fees and costs

within the transaction, we’ll pay them for

you.

3) If you’re not happy with our service for

any reason, we’ll happily arrange a

handover to another provider of your

choice.


WHAT TODO NOW

Contact us on 1300 781 680

Or fill in the form on your right to arrange an exploratory discussion.


the "step-by-step guide to buying property with a self-managed super fund" slideshow

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