Borrowing to buy property with your super is a popular strategy, particularly amongst 35-45 year olds. Under revised super legislation you can now: – Use existing super monies to borrow and buy an investment property (commercial or residential). – Pay it off with rent and future super contributions (including the compulsory superannuation guarantee). – Eventually live off tax free rent in retirement.
These complex structures are officially known as Limited Recourse Borrowing Arrangements (LRBA). Our licencee, First Financial, have completed over 50 LRBAs for clients. Grand Ridge Financial can leverage off this bench strength and knowledge as required to support you with this service. If you’re sick of paying your landlord rent and your super balance and contributions meet the requirements, this could be a great strategy for you.