Self-managed Super Funds
Enhancing your wealth with a SMSF, is it the right decision for you?
Self-managed superannuation funds (SMSFs) often correlate strongly with personal wealth accumulation, as they provide individuals greater control over their retirement investments.
High-net-worth individuals frequently opt for SMSFs because these structures allow direct investment in various assets, including property, shares, and private companies, which can potentially generate superior returns compared to traditional superannuation funds.
The connection between wealth and SMSFs is further strengthened by the costs involved in establishing and maintaining these funds. The administrative and compliance expenses associated with SMSFs typically make them economically viable only for individuals with substantial superannuation balances, generally recommended to be at least $200,000 to $500,000. This financial threshold naturally attracts wealthier individuals who can leverage the tax advantages and investment flexibility of SMSFs to potentially enhance their wealth through strategic asset allocation and direct investment choices.
Using a mortgage broker gives you access to multiple lenders and loan options without having to shop around yourself. We handle the paperwork, negotiate with lenders on your behalf, and find the best rates and terms for your situation. Best of all, our service typically comes at no cost to you.
A reverse mortgage lets homeowners aged 60+ borrow against their home’s value without making regular repayments. The loan and interest are repaid when you sell, move into aged care, or pass away. You keep ownership of your home and can stay there as long as you maintain it.
LVR (Loan to Value Ratio) is the amount you borrow compared to your property’s value, expressed as a percentage. Higher LVR means higher risk for lenders.
The First Home Loan Deposit Scheme (FHLDS) helps eligible first-home buyers purchase property with just a 5% deposit, with the government guaranteeing the remaining 15%.
