Eligibility

Every day, more Australians decide to use a self-managed super fund (SMSF) to get onto the property ladder. Property investment has become increasingly complex with the rising cost of living and steep property prices — property investment via SMSFs provides borrowers with greater investment certainty and control over their finances.

While SMSF eligibility varies between clients, the benefits of purchasing a property via an SMSF remain the same, including:

• Greater investment control — Opting to set up an SMSF to invest in property or manage your finances provides greater control over where your funds are invested.

• Tax benefits — SMSFs are taxed at a concessional rate of 15%, with any benefits received by members over 60 years old being tax-free. SMSFs also provide better tax advantages around potential capital gains and taxable income.

• Asset protection — SMSFs safeguard a member’s assets against bankruptcy or other credit risks.

• Cost-effective — Most SMSFs costs are fixed and more affordable than professionally managed funds, making them an economically sound choice for many Australians.​
  

Once an SMSF is established, all members become its trustees. To become a member, there are a few SMSF eligibility requirements an individual must meet, such as:

• Willingly consent and accept the responsibility that comes with managing an SMSF account

• Being financially stable and not declared bankrupt

• Willing to comply with superannuation legislation.

• Not having an employee/employer relationship with other members, not including relatives.

Once a person willingly accepts the responsibilities of managing an SMSF account, they become a trustee. An SMSF can have up to six members who must all be the fund’s trustees.

Between meeting legal obligations to ensuring you diversify your portfolio, managing an SMSF can be challenging for many Australians. If you’re looking to invest in property via an SMSF, WT Capital can help. We specialise in SMSF property investment and provide a range of services, from abiding by set-up procedures to helping members secure an SMSF loan.

Contact us today to learn more about property investment via an SMSF and how WT Capital can help kickstart your property investment journey.

Some companies try and shoe horn people into properties they probably can't afford. Our strategy is to help you grow your portfolio without any undue hassle or financial stress. That's why we like to have a quick chat with our clients to ensure the relationship is a good fit for both parties.

To determine your eligibility, simply submit your details or click the ‘Check your eligibility button above’ and someone from our elite property investment team will be in contact to talk about how you can reach a higher financial altitude through property.