Property is the most trusted asset class for Australians, yet only around 3.5% of all SMSF investment is in residential property according to the latest ABS report (www.ato.gov.au/Super/Self-managed-super-funds). Property investment can produce a range of tax benefits, for e.g. your tax can be significantly reduced or eliminated for rental income and capital gains, and the rental return can be used for loan repayments.
Also known as “Do It Yourself Super”.
Some people want the hands-on control that comes with a self-managed super fund (SMSF). But with this control comes extra responsibility and workload.
You must be prepared to research and track your super investments regularly if you want to manage them yourself. Super is your investment for your retirement, so you need to be careful with the funds, and what you do with it.