Search found 3 matches

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Mon Aug 19, 2019 9:00 pm
Forum: Home Loan Forum
Topic: How much super do you need to set up an SMSF?
Replies: 5
Views: 11430

Re: How much super do you need to set up an SMSF?

Since this will be a new SMSF, how will my serviceability be calculated? Can I use the proposed rental income from the IP? Can I also declare extra contribution?
by
Mon Aug 19, 2019 8:40 pm
Forum: Home Loan Forum
Topic: How much super do you need to set up an SMSF?
Replies: 5
Views: 11430

Re: How much super do you need to set up an SMSF?

I already have over $300k in my super, so that’s not a concern. Can you give me a breakdown of all the costs involved with buying a property within a SMSF? If for example, I wanted to buy a $700k IP.
by
Mon Aug 19, 2019 8:19 pm
Forum: Home Loan Forum
Topic: How much super do you need to set up an SMSF?
Replies: 5
Views: 11430

How much super do you need to set up an SMSF?

Hi, I’ve made the maximum concessional contribution to my super for quite a while. So, I’m looking to set up a SMSF and purchase a couple of investment properties. I’m not quite sure how much funds I need in my super to set up an SMSF? I’ve heard there’s a $200,000 minimum requirement, some say more. Can you clarify the minimum/ recommended funds needed for a SMSF loan?