POWERED BY MOMENTUM MEDIA
SMSF commercial loans to grow
New growth is expected for self-managed superannuation fund (SMSF) commercial loans as considerable opportunities for brokers and their clients lay ahead, according to Thinktank.
The specialist commercial property lender welcomed the Federal Government's rejection of the Murray Financial Services Inquiry recommendation to ban on SMSF borrowing to buy property.
Thinktank head of sales and distribution, Peter Vala, said "while we had always maintained the view that there was a low probability of any change in the commercial property area of SMSF lending, having a clear path to move forward form this point is a very positive development for all concerned".
"We are already seeing a major uptrend in loan inquiry and anticipate activity will continue to lift strongly with the previous uncertainty removed," he said.
Vala said although some lenders had adjusted their requirements or had stepped away from lending to SMSFs, Thinktank had increased their commitment to the sector.
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
74.26 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
