It would be fairly unworkable to have friends to be members of a SMSF. Different objective and different plans. SMSF can borrow money but the bank would not loan 80% of the value of property, and also at higher rate than an investment loan. Within SMSF at a low taxed environment, leverage is not that useful for property as an investment as well. Shares/ETF is better and more liquid invested inside SMSF structure. For investment properties I prefer outside super, because I can use them for negatively gearing properly.
Yes you have to pay Stamp duty Things are very complicated in Australia but with good planning you can benefit from tax saving and end up with a good retirement life
It would be fairly unworkable to have friends to be members of a SMSF. Different objective and different plans. SMSF can borrow money but the bank would not loan 80% of the value of property, and also at higher rate than an investment loan. Within SMSF at a low taxed environment, leverage is not that useful for property as an investment as well. Shares/ETF is better and more liquid invested inside SMSF structure. For investment properties I prefer outside super, because I can use them for negatively gearing properly.
如果申請retirements loan? 巳退休仍可借錢！
Already have property@australia with personal name, does it need repaid the stamp duty to put the asset in SMSF ?
Thank you.
Yes you have to pay Stamp duty
Things are very complicated in Australia but with good planning you can benefit from tax saving and end up with a good retirement life
I’m 56 yrs old. Can you talk about how can I prepare for retirement.
If you are interested please follow my channel will make more videos about how to retire in Australia