Finance & Fury Podcast

Welcome to Finance and Fury, 'Say What Wednesdays' where each week we answer your questions.  This week's question is from Sandeep: “Hi, Can you please talk about how to purchase investment property using my superannuation?” Thanks Sandeep, great question! Buying property in superannuation First you need a Self-Managed Superfund (SMSF) An SMSF is a private superannuation fund, regulated by the Australian Taxation Office (ATO) that you manage yourself.  All other funds are managed by the Australian Prudential Regulation Authority (APRA) - the regulator of financial organisations (Banks and superannuation funds) SMSFs can currently have up to four members. All members must be trustees (or directors, if there is a corporate trustee) and are responsible for decisions made about the fund and have to adhere to compliance with relevant laws/ Superannuation Industry Supervision (SIS) Act When you run your own SMSF you must: carry out the role of trustee or director, which imposes important legal obligations on