The benefits of getting an SMSF loan include:
- Increased investment opportunities: SMSF loans can help you to invest in assets that you would not be able to afford to purchase outright. For example, you could use an SMSF loan to purchase a property or other investment asset.
- Tax benefits: There are some tax benefits associated with SMSF lending. For example, you may be able to claim the interest on your SMSF loan as a tax deduction.
- Asset protection: If you default on your SMSF loan, the lender’s only recourse is the asset that is being purchased. This means that the lender cannot go after your other assets, such as your personal property.
- Flexibility: SMSF loans offer more flexibility than traditional home loans. For example, you may be able to use the loan to invest in a variety of assets, and you may be able to negotiate the terms of the loan.
However, it is also important to take associated risks into account. To learn more about SMSF lending, book a call with us or fill in our contact form.