Yes! It is perfectly legal for Self Managed Super Funds to borrow money.
There are complexities to consider, and we understand these complexities and are in a great position to help you make the best lending decision for your SMSF.
There are lots of rules and regulations regarding Self Managed Super Fund lending, and you need specialised advice before signing anything (otherwsie you could pay more than double the amount of tax you need to). The team at Lawrence ensure that your borrowing intentions not only comply with the law, but also fit within your investment strategy.
Once you’ve received our advice, the Limited Recourse Borrowing Arrangement (LRBA) process is reasonably straightforward. Lawrence has extensive experience arranging LRBA finance for our clients self-managed super funds.
Call Lawrence on (08) 6263 9911 or email us
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your business and personal financial goals.