Are You Missing Out on Huge Super Returns?
If you and your partner have a combined superannuation balance of $200,000 or more, and it’s just sitting in an industry fund, you might be missing out on significant returns. By taking control of your super with a Self-Managed Super Fund (SMSF), you can potentially unlock higher returns, enjoy tax benefits, and use your super to invest in property. Here’s why $200,000 is a crucial threshold and how you can make the most of it.
Why $200,000 is a Game-Changer
1. Control Over Your Investment Returns
Once your combined super balance hits the $200,000 mark, you’re in a prime position to take charge of your investment strategy. An SMSF allows you to tailor your investments according to your financial goals, giving you the power to potentially achieve higher returns compared to traditional superannuation funds.
2. Greater Tax Advantages
Managing your super through an SMSF offers significant tax benefits. You can benefit from concessional tax rates on earnings, and strategic investments within an SMSF can lead to substantial tax savings. With $200,000 in your SMSF, you can more effectively leverage these tax advantages.
3. Boost Your Wealth with Compound Growth
With a larger super balance, you can invest in various assets, including property, and harness the power of compound growth. By investing in property through an SMSF, you can build equity over time and potentially see substantial returns on your investment.
Why $200,000 is the Optimal Threshold
1. Manageable Fees and Costs
Setting up and managing an SMSF involves costs such as setup fees, ongoing administration, and compliance expenses. A balance of $200,000 helps make these costs proportionate to the size of the fund, making the investment more manageable and cost-effective.
2. Covering Purchase Costs
Investing in property through an SMSF typically requires a larger deposit than traditional residential purchases. A balance of $200,000 generally allows you to cover the 20-30% deposit needed for a property, along with additional costs like stamp duty and legal fees.
Ready to Explore SMSF Loans?
Don’t let your super’s potential go untapped. If you’re sitting on $200,000 or more in combined super, it’s time to explore the benefits of an SMSF investment. With our help, you can unlock the power of your super, manage your investments effectively, and take advantage of property investment opportunities.
Contact us today to discuss how you can make the most of your superannuation and start on the path to financial growth. Let’s unlock your super-power and build your wealth together!