SMSF LOANS
An SMSF loan, or Self-Managed Superannuation Fund loan, is a type of borrowing arrangement that allows a self-managed super fund (SMSF) to borrow money to invest in property or other assets. These loans are specifically designed for SMSFs and have specific regulations and requirements set by the Australian Taxation Office (ATO). The aim is to grow the fund's assets and provide retirement benefits for the fund members. SMSF loans typically involve the trustees of the fund borrowing funds from a lender and using the SMSF assets as security for the loan.
Please make sure you seek the right advice before applying for a SMSF loan by contacting your accountant to find out more about their SMSF accounting services.