💡 How Much Can You Borrow with an SMSF Loan? 🏠💼
Did you know that with a Self-Managed Super Fund (SMSF) loan, your borrowing capacity is mainly determined by the income within your SMSF, not your personal income or current liabilities? That means your personal financial situation doesn’t impact your SMSF loan application! 🚫💳
The key income sources for an SMSF loan include:
- Super Contributions:
- Employer contributions (superannuation guarantee or salary sacrifice)
- Personal contributions made to your super fund
- Rental Income:
- Income generated from renting out the property purchased through your SMSF loan
- Investment Earnings:
- Returns from other investments held within your SMSF
Since your SMSF loan isn’t impacted by your personal finances, it offers a unique opportunity to invest in property while keeping your personal and superannuation funds separate!
Looking to explore SMSF loans and see what you could borrow? Let’s have a chat! 📩💬