Budget changes to self managed super funds (SMSFs) will create greater certainty around borrowing to invest in shares and property.
Accountancy firm Chan & Naylor, has backed government measures that will bring greater clarity on borrowing requirements.
“SMSFs are highly effective investment vehicles which should be encouraged and promoted by the government as a means of bolstering national retirement savings and reducing the dependency on government for retirement income,” said chief executive Sal Carrero.
Mr Carrero added that taxpayers with non-complaint SMSFs risk being stung by penalty fees, audits and tax office scrutiny.
If you would like more information about a SMSF and investments, speak to one of the experienced financial planners at Intellichoice on +61 7 3624 1900. The financial planners at Intellichoice will work out with you whether a SMSF is the best option for you based on your needs. Intellichoice can also assist with SMSF loans to purchase investment properties.
