An alternative way of building up your retirement savings

While most of us will hopefully accumulate enough superannuation throughout our working lives to have a comfortable retirement, many of us simply won’t have the funds there to splurge on something nice every now and then.
What if we could tell you there’s a way to boost your superannuation earnings that reduces the amount of tax you have to pay on your contributions at the same time – would you be interested?
 
Who wouldn’t!
 
As one option to consider, by purchasing an investment property within a Self-Managed Superannuation Fund (SMSF), you can use the power of leverage to boost the growth of your retirement savings. The interest on the loan is 100% tax deductible which means not only will you be making more money; you’ll be saving tax at the same time!
 
The other benefit of investing in property through your SMSF is diversification. Some people are tired of the share market going up and down like a yo-yo and prefer property as an investment. Investing in property in additional to shares will mean you won’t have all your eggs in one basket. This gives you peace of mind knowing a sharp downturn in shares one day won’t be the end of your retirement savings.
 
Sounds good? Absolutely, but it isn’t something you should rush into without discussing your situation with your Accountant or Wealth Advisor first. Investing in property through an SMSF can be complex and you will need to be confident in your numbers before you get started.
 
Have a great day!
 
General advice disclaimer

The advice provided is general advice only as, in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.

Only financial planning advice provided by CeebeksTM Financial Solutions is associated with Avana Financial Solutions.

Christopher Beks (Authorised Representative no. 231937) is a director of CeebeksTM Financial Solutions (Authorised Representative no. 344518) and an Authorised Representative of Avana Financial Solutions Pty Ltd AFSL 516325 and is authorised to provide personal financial advice.

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