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-   -   Superannuation? (https://britishexpats.com/forum/australia-54/superannuation-376794/)

renth Jun 1st 2006 12:32 pm

Re: Superannuation?
 

Originally Posted by Paul and Chloe
Hi there...

I did some research and have found a good website:

http://www.superratings.com.au/

Great link. My fund, Unisuper has a Platinum Rating - Cool!

Vicky88 Jun 1st 2006 2:02 pm

Re: Superannuation?
 
Not sure how you would get the money into the fund to buy the property if you are starting from scratch, as I believe it is not possible for SMSF's to take out loans. I think, only think mind you, that I read somewhere a while back that it probably cost about $1500 p.a. to run your own fund. You might want to check as I think it may have to be audited each year.

Vicky88 Jun 1st 2006 2:06 pm

Re: Superannuation?
 
Some links for some light reading for you

http://www.ato.gov.au/super/content....tent/19104.htm

http://www.ato.gov.au/super/

http://www.lawcentral.com.au/CreateD...nk.asp?docId=2

http://asic.gov.au/fido/fido.nsf/byh...r?openDocument

http://www.superchoice.gov.au/employees/self_managed/

http://www.taxlawyers.com.au/Manuals/superannuation.htm

Paul and Chloe Jun 1st 2006 2:42 pm

Re: Superannuation?
 
To my knowledge you are correct regarding the fact that Superfunds can not "borrow" money, I guess if you come over from the UK (or anywhere) and bring across a large pension fund you may be able to buy somewhere outright?? Although I think that the rules for bringing over pensions from the UK has changed since April this year too!


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