Self Managed Super Funds
Self Managed Super Funds
The question is should you use this as a vehicle to purchase property.
The answer is go see your Financial Planner and do not trust anyone selling property. Do not think you can get advice from someone not licensed to provide it. It is like Property Advice, do not take advice from someone not insured or adequately educated to provide advice.
The more Estate Agents and Marketing companies rip people off, mislead people and provide advice they have no right or entitlement to provide the more pressure surely is being put on ASIC to finally regulate the property industry.
Check these links out
http://www.abc.net.au/news/2013-11-06/asic-warns-real-estate-agents-on-smsf/5072554
http://www.smh.com.au/business/asic-warns-estate-agents-on-smsfs-20131106-2x1p8.html
The articles talk about Financial Planners being offered kickbacks from marketing companies and Real Estate Agents to steer their clients down that path. Nothing new about that, but some Financial Planners are accepting these payments.
