Self Managed
Super Funds
How we help you
For clients seeking to explore the superfund space we have a full financial planning team to assist in setting up your fund to meet the full Australian Taxation obligations that are required to purchase a property in a SMSF.
Many SMSF clients have been restricted to only buying units townhouses or villa type of assets due to the compliance around SMSF purchases. At My Home My Castle we can offer fully ATO compliant new freestanding homes without body corporation fees.
This increases the opportunity for capital growth, yield and investment.
How we work
with you
How we work with you
1. Understand Your Objectives
MHMC will discuss your goals for using your superannuation. We will discuss how this is achieved and what is required to establishing a self-managed super fund and the types of properties that are SMSF compliant.
2. Assess Financial Situation
We will review your current financial status, including your superannuation balance, other assets, income, and existing liabilities and work with your financial planner or we can refer you to one of our panel planners.
3. Explain Eligibility Requirements
Your consultant will explain the specific rules and regulations regarding using superannuation to purchase property. In Australia, for instance, you can use your superannuation through a Self-Managed Super Fund (SMSF) to buy property, but there are strict rules and conditions.
4. Discuss Investment Restrictions
We will inform you about the limitations associated with using superannuation for property investments, such as the property being used solely for investment purposes if using an SMSF.
5. Review SMSF Setup
If you don’t already have an SMSF, we can refer you to our SMSF professional to assist establishing a SMSF. This includes legal, administrative, and compliance aspects.
6. Assess Superannuation Balance
After careful consultation with us we will have your prospective SMSF evaluated to ensure there are sufficient funds to cover the property purchase, including any associated costs like stamp duty and legal fees.
7. Identify Suitable Properties
MHMC will identify properties that meet your criteria and comply with superannuation regulations.
8. Market Analysis
MHMC can provide market analysis to help you understand the value and potential of properties you’re interested in, ensuring they align with your investment goals.
9. Financial Planning
MHMC can work alongside your planner to provide a seamless assistance and continuity in your property purchase.
10. Legal Considerations
MHMC will coordinate with legal professionals to ensure all legal requirements are met, including drafting and reviewing contracts and ensuring compliance with superannuation laws.
“Sue. Amazing Sue! Building a house was something I never thought I could do as a working single mum. You found me the most perfect first home and land package and have been available to me the entire way! Thanks for making what most people say is “the most stressful time of their lives” so easy for me!” You’re an angel in disguise!
First Home Owner Shayna
Well undoubtedly the best …just can’t believe our dream came true..it was an uphill task but Sue made it smooth sailing.
First Home Owner Gursharn
We couldn’t be happier with the service Sue & her team provided. She bent over backwards to get us into our first home – when literally no one else could be bothered with our rather complex situation, Sue to the rescue. We have her to thank for our children's future.
First Home Owner Tyarna
Thankyou will never be enough, we are so incredibly grateful for everything Sue did for us in getting us our very own home. Something we never thought would be possible and we had resigned ourselves to being renters for life. Definitely recommend giving Sue a call.
First Home Owner Stephanie
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