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  • Index
  • » Superannuation
  • » Should I start an SMSF before the government loses all my super?

#26 2016-05-17 21:08:38

trew
Silver Stacker
From: Melbern
Registered: 2011-08-24
Posts: 3,958
Trades :   

Re: Should I start an SMSF before the government loses all my super?

SilverDJ wrote:
trew wrote:

just leave your super alone and focus on improving your income and savings

I don't agree. It so easy to do now, and it's flexible. For example, if you are running business and you need an office, you can buy it in your SMSF and rent it to your company. (Yes, that is legal for Pty Ltd's provided you pay "market rate" rent)

Well TheEnd isn't running a business or need an office - he's unemployed.

Dicking around with his super is a waste of time that could be better spent updating skills and/or looking for a job

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#27 2016-05-17 21:17:45

SilverDJ
Member
From: Australia
Registered: 2014-11-01
Posts: 2,528

Re: Should I start an SMSF before the government loses all my super?

Topherclaus wrote:

I actually spoke to my accountant about this today. He reckons the biggest loan a bank would consider on property for a SMSF is around 75% but even that would be difficult.

With the banks esuperfund uses, it's 70-80% LVR
https://www.esuperfund.com.au/property/ … l-property

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#28 2016-05-21 04:58:03

TheEnd
Member
Registered: 2011-10-06
Posts: 2,604
Trades :   

Re: Should I start an SMSF before the government loses all my super?

I think i'm going to wait until both the big elections are over and done with.

Will re asses the PM price after the elections.

I'm hoping Trump wins the U.S election.

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#29 2016-05-21 09:45:57

REDBACK
Silver Stacker
From: Trump supporters matter
Registered: 2011-11-22
Posts: 3,313

Re: Should I start an SMSF before the government loses all my super?

TheEnd wrote:

I'm hoping Trump wins the U.S election.

God bless you!

REDBACK


"Buy now Cry later!!"

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#30 2016-05-21 18:17:54

col0016
Member
From: Australia, Melbourne
Registered: 2011-01-04
Posts: 2,654
Trades :   20 

Re: Should I start an SMSF before the government loses all my super?

SilverDJ wrote:
trew wrote:

just leave your super alone and focus on improving your income and savings

I don't agree. It so easy to do now, and it's flexible. For example, if you are running business and you need an office, you can buy it in your SMSF and rent it to your company. (Yes, that is legal for Pty Ltd's provided you pay "market rate" rent)

Look at some of TheEnd's past posts and you'll see why the less he has to do with his money the better.

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  • » Should I start an SMSF before the government loses all my super?

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