When refinancing an SMSF loan, some items below to be considered are as follows:

Terms and conditions: Make sure you are familiar with these terms and conditions before you decide to refinance.
ATO requirements: When refinancing an SMSF loan, as per the ATO requirements, you cannot increase the amount you are borrowing. Your new loan must be for the same amount as your existing SMSF loan. Moreover, the Trustee does not allow to acquire legal ownership of the property during the process of refinancing the SMSF loan.
Interest rates: Make sure you are aware of the average rate on the market at the time to ensure the SMSF is getting a fair deal.

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Peace Of Mind

We are Melbourne based with clients throughout Australia. Our SMSF administration service is mostly paperless. This enable us to charge a fair fee, resulting in a good value-proposition for you.

General Advice

Superannuation Warehouse is an accounting firm and do not provide financial advice. All information provided has been prepared without taking into account any of the Trustees’ objectives, financial situation or needs. Because of that, Trustees are advised to consider their own circumstances before engaging our services.

Have Questions? Ask Superannuation Warehouse experts

Have Questions?
Ask Superannuation Warehouse experts