Setting Up Your SMSF: The Ultimate Guide to Building Investment Property with Supavest

In today’s dynamic financial landscape, securing a robust retirement plan is paramount. Setting up a Self-Managed Super Fund (SMSF) offers unparalleled control and flexibility, enabling you to tailor your investment strategy to your unique needs.

With Supavest, you can leverage your SMSF to invest in brand new property, reaping substantial benefits and potentially transforming your financial future. Here’s your comprehensive guide to setting up your SMSF and understanding the advantages of using Supavest for property investment.

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What is an SMSF?

A Self-Managed Super Fund (SMSF) is a superannuation trust structure that provides benefits to its members upon retirement. Unlike other superannuation funds, SMSFs are self-managed, giving members full control over investment decisions. As the trustee, you can tailor your investment portfolio to suit your retirement goals.

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Why Set Up an SMSF?

• Greater Control: As the trustee, you have the autonomy to make investment decisions and diversify your portfolio as you see fit.
• Flexibility: SMSFs offer a wider range of investment options, including shares, bonds, ETFs, and real estate.
• Tax Benefits: Investment income is taxed at a concessional rate of 15%, and capital gains can be discounted if assets are held for more than 12 months.
• Estate Planning: SMSFs offer greater flexibility in estate planning, allowing you to tailor the distribution of benefits to suit your family’s needs.

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Steps to Setting Up Your SMSF

1. Establish the Trust
   • Choose Trustees: Decide whether your SMSF will have individual trustees or a corporate trustee.
   • Create the Trust Deed: Draft the SMSF trust deed, which outlines the fund’s rules and operations.
   • Sign the Contract: Ensure all trustees sign the contract and agree to the terms.
2. Register the SMSF
   • Apply for an ABN: Register your SMSF with the Australian Business Register to obtain an Australian Business Number (ABN).
   • Register with the ATO: Register your SMSF with the Australian Taxation Office (ATO) and apply for a Tax File Number (TFN).

3. Set Up a Bank Account
   • Open a Bank Account: Establish a bank account for your SMSF to manage fund transactions, including contributions and investment income.
4. Create an Investment Strategy
   • Define Your Goals: Develop a comprehensive investment strategy that aligns with your retirement goals.
   • Diversify: Ensure your investment strategy includes a diversified portfolio to minimise risk and maximise returns.
5. Start Investing
   • Make Contributions: Begin making contributions to your SMSF.
   • Invest Wisely: Start investing in assets that align with your investment strategy, including Supavest’s property options.

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Conclusion

Setting up an SMSF and using it to invest in property with Supavest can significantly enhance your retirement strategy. The control, flexibility, and potential high returns make it an attractive option for those looking to secure their financial future.

With Supavest, you can take advantage of fractional ownership, professional management, and compliant investments to build a robust and profitable property portfolio within your SMSF.

Start your journey today and unlock the full potential of your superannuation with Supavest.

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