Australianbiz is pleased to have an association with PECO Consulting who specialise in providing loan products for Self Managed Superannuation Funds (SMSF’s), businesses and investors.
The Superannuation Industry Supervision Act (SIS Act) was amended on 24 September 2007 to allow SMSF’s to borrow for the purpose of acquiring certain assets, so long as the asset is held in a special trust. Since that time, many funds have acquired property in their funds to provide a balanced investment portfolio which spreads risk amongst several asset classes.
PECO Consulting has a range of products that allows SMSF’s to borrow for the acquisition of residential and commercial property and also can provide trustees with the relevant documentation that is required to comply with the heavily regulated SIS Act. These products are suitable for existing SMSF’s and for individuals who wish to setup a new SMSF.
There is a wide range of financiers providing loans and there is also a wide range of fees and interest rates charged by these lenders. PECO Consulting is able to offer impartial advice as we have access to numerous lenders. We are not aligned with any particular lender.
Trustees need to be careful of products that require personal guarantees from the members as the ATO is currently of the view that the loans need to be "non-recourse". PECO Consulting can assist with the strategies you can utilise to achieve your goal without paying excessive fees or incurring high interest rates. There are also alternative methods to fund the purchase of a property which can reduce the fund’s reliance on direct borrowing.
Simply complete all the items below and then click on the "Submit" button. A consultant from PECO Consulting will then contact you within 2 business days.
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