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  • Profile photo of jack1234jack1234
    Member
    @jack1234
    Join Date: 2004
    Post Count: 22
    June 22, 2004 - 12:24 pm

    I am now buying a property with my DIY Super Fund.
    i got information about it on http://www.diysuperfund.com.au

    any down sides ?
    [blush2]

    Manoj

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    June 22, 2004 - 11:21 pm

    I have purchased and wrapped several properties in my SMSF.

    Other than the lack of gearing the asset is protected and you are obtaining a higher rate of return due to the lower taxation rate that SF enjoy.

    Super Contributions are limited to a sliding scale dependant on your age but if both husband and wife are beneficiares and of similar age then you can make double contributions.

    Just remember that your funds are locked away and not normally accessible unless are certain hardship provisions.

    Cheers Richard
    richard at fhog.com.au
    http://www.fhog.com.au

    There is no such thing as a problem.
    Just a solution waiting to be found

    Richard Taylor | Australia's leading private lender

    Profile photo of OldtimerOldtimer
    Participant
    @oldtimer
    Join Date: 2004
    Post Count: 27
    July 1, 2004 - 2:16 pm

    Manoj,

    From the info at the link you posted it appears you are the proprietor of site. Easy to see how you got your info there :)

    Profile photo of ANUBISANUBIS
    Participant
    @anubis
    Join Date: 2003
    Post Count: 559
    July 1, 2004 - 10:58 pm

    The advertisers are getting sneakier all the time[blink]

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