POWERED BY MOMENTUM MEDIA
Commbank upgrades SMSF package
Commonwealth Bank has upgraded its investment loan packages for self-managed super fund (SMSF) trustees, providing more flexibility to tailor their retirement portfolios.
The enhancements to the Protected Loan offering will allow investors to pay off their protection premium upfront as part of the interest rate and choose the gearing level that suits their risk-reward profile, giving them more control over their cash flows and allowing them to optimise the after-tax cost of the loan.
Suzanne Salter, Commonwealth Bank head of structured investments, said Australians were increasingly likely to use superannuation gearing to rebuild their wealth in reaction to the reduction in the pre-tax contribution limits announced in the Federal Budget.
Enhancing its offering will help investors gain from the bank's gearing solutions, Salter said.
The Protected Loan offering is offered together with SuperGear, which is used for residential and commercial property investments.
AUTHOR
Mike Taylor
Recommended for you
The impact of identity theft and its threat to superannuation savings were highlighted in a case that went before the Federal Court at the end of 2023.
A recent NSW Supreme Court decision is an important reminder that while super funds may be subject to restrictive superannuation and tax laws, in essence they are still a trust and subject to equitable and common law claims, says a legal expert.
New research from the University of Adelaide has found SMSFs outperformed APRA funds by more than 4 per cent in 2021–22.
The SMSF Association has made a number of policy recommendations for the superannuation sector in its pre-budget submission to the government.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
93.34 3 y p.a(%)
2
Global X GlobalX FANG+ ETF
36.96 3 y p.a(%)
3
GAM LSA Private Shares AU I
34.22 3 y p.a(%)
4
VanEck Video Gaming and eSports ETF (AU)
28.89 3 y p.a(%)
5
Plato Global Alpha A
28.83 3 y p.a(%)
