SMSF Lending
It is possible to use your super as security for a loan. To do so, you need to have a self-managed super fund (SMSF) which then borrows to finance the purchase.
We can assist you to establish and manage the right kind of SMSF, and then help you find the loan that best suits your purposes. Once again, we then assist with all aspects of the application process, making the process an easy one for you to be involved in.
Borrowing within an SMSF is more complicated than borrowing in your own name. There are special rules that must be followed and you really need to know what you are doing. That’s why it pays to talk to an expert to ensure that you do everything the right way and the first time.
SHANE PLUMRIDGE
Director and Financial Planner
Shane has been running a thriving practice since 1998. Having cut his teeth with St George Bank, he initially set up as a mortgage broker, before adding financial planning in 2006. Shane combines these decades of experience with an Associate Diploma in Accounting and Diplomas in Financial Planning and Finance & Banking.
Shane works with clients, young and not so young, providing assistance with every aspect of their financial profile. On the mortgage broking side, Shane assists clients with all forms of lending, including residential property loans, investment property loans and lines of credit. Refinancing is a specialty, as is vehicle and equipment finance. Shane’s business owning clients love the attention to detail he brings to their business lending requirements.
On the financial planning side, wealth management and insurance are key interests, as is assisting young people establish their financial footholds with things like the first home. Many of these young clients are the adult children of older clients who have been with Shane for many years. Shane finds these ‘inter-generational’ referrals especially gratifying, honoured that his clients see him as the natural source of information and inspiration for their own children. Similarly, most of Shane’s ‘new’ clients are referred to him by very satisfied current clients.
Shane is also keenly interested in self managed superannuation, and many of his clients benefit enormously from his expertise in this area. He provides assistance at every stage of the SMSF journey, from establishing the fund, maintaining compliance, developing and implementing effective investment strategies including property investment, preparing and lodging tax returns and closing funds when they are no longer required.
On the personal side, Shane is actively involved in the local sporting community, especially cricket, AFL, soccer and netball.
Shane Plumridge is an authorised representative (305984) of Wealth Today Pty Ltd (AFSL 340289). Shane is also an authorised credit representative (376728) of Mortgage Wisdom Australia Pty Ltd (ACL 377272).
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RELEVANT ARTICLES...
Superannuation changes from 1 July 2017 – Part 2
The 2016 Federal budget introduced a number of changes to superannuation. Many of these changes take effect on 1 July 2017. This week’s article follows on from our article of a fortnight ago. We continue to explore the coming changes and how you can ensure you are prepared for them. We hope you enjoy it!
The Family Home and Residential Aged Care To Keep or not to Keep?
Keeping the family home when you move into aged care is well worth considering.
2017 Budget – Winners and Losers
Compared to previous years, the 2017 Budget was a bit of an anti-climax. In previous years, there have been a number of big-ticket changes – such as the big changes to superannuation that we have been discussing in recent articles. But this year there have simply been a whole lot of small changes, some of which will be of benefit and others will represent a small loss.
2017 has not been very interesting
2017 has been a year of low interest – record low interest rates, that is. But record low prices don’t last forever. Interest rates will rise again. In the meantime, make 2018 your year of repaying non-deductible debt. That might make it your best year ever.