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#1 2016-06-17 09:14:47

From: Adelaide
Registered: 2011-03-22
Posts: 147
Trades :   

SMSF Savings Account vs Mortgage Offset Account

I suppose the trustees of an SMSF cannot decide to invest in a mortgage offset account for the mortgage % rate as return (e.g. 4.5%) instead of savings accounts which are yielding less (e.g. 3%)? Is there an at-an-arms-length type of ruling for SMSF trust decisions even if it is for the advantage of the SMSF?

"Man looks in the abyss, there's nothing staring back at him. At that moment, man finds his character. And that is what keeps him out of the abyss."


#2 2016-06-17 09:40:39

Silver Stacker
From: Nunya
Registered: 2016-01-06
Posts: 955
Trades :   15 

Re: SMSF Savings Account vs Mortgage Offset Account

Interesting question but I very much doubt that would be allowed - the investment options in SMSFs are strictly regulated.

If you buy an investment property within the SMSF you could use your capital as equity thereby saving in interest charges... not quite the same I know.

All that glitters is not gold...
...but all that is gold glitters!

Stacker formerly known as HoldMeTender


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