Welcome back to Talk Property To Me! In this episode, Cameron from Waterford Financial Planners joins the discussion to provide an in-depth overview of self-managed super funds (SMSFs). From setting up an SMSF to the potential pitfalls and success stories, we cover it all.

Key Points Covered:
● Understanding the difference between self-managed super funds and industry funds
● Benefits of leveraging assets within an SMSF
● Compliance requirements and annual audits
● Tax implications and investment options within an SMSF
● Real-life examples of successful SMSFs and cautionary tales

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Timestamped summary of this episode:
00:00:01 - Introduction to Self-Managed Super Funds
00:05:17 - Steps to Set Up a Self-Managed Super Fund
00:10:02 - Limited Recourse Borrowing Arrangement
00:11:05 - Compliance and Audits for Self-Managed Super Funds
00:12:39 - Taxation in Self-Managed Super Funds
00:13:53 - Retirement Options and Pension Phase
00:15:49 - Real-Life Examples of Successful Self-Managed Super Funds
00:18:20 - Importance of Independent Advice in Self-Managed Super Funds
00:21:46 - Considerations for Separation or Death in Self-Managed Super Funds
00:22:30 - Minimum Fund Size for Self-Managed Super Fund Lending

Join us as we delve into the world of SMSFs and provide valuable insights for anyone considering or currently managing their own super fund. If you have any specific questions about SMSFs or need assistance with your existing fund, feel free to reach out to Cameron at Waterford Financial Services.

Don't miss out on this informative episode! Tune in now to gain a better understanding of self-managed super funds and how they can impact your financial future.

ABOUT THE HOST
BRAD EAST
Brad East is the Managing Director of Wisebuy Home Loans. Brad is an award-winning mortgage broker and has helped thousands of clients gain finance to purchase properties. Wisebuy Home Loans is the go-to mortgage brokerage for clients wanting out-of-the-box applications approved.

Website → https://wisebuygroup.com.au
LinkedIn →   / newcastlemortgagebroker  
Instagram →   / bradeast_mortgagebroker  
Facebook →   / bradeastofficial