thanks frack !! i did read the lot up yesterday and the only reason that came to my mind abt SMSF was to use it for property investment , one cant go wrong with that on a long run .. say till the time of my retirement.. i m just 29 atm .. i have already contributed additional money to my super every year to get the government grant.. so do have the money which can be used as a deposit for a one bedroom unit in melbourne. my strategy is to use the SMSF to get a property investment and then rent it out. with rent + employer contribution plus my own additional monthly contribution .. the loan would be paid off within max 15 yrs.. so by the time i am 45, the loan would be paid off, equity formed and tax paid would be minimal as loan interest should offset any gains which would be 0 till the property is paid off. So any income generated from the property after i am 45 yrs would just accumulate in my superfund acc.. So my calculation of estimation is ..
rent - 1000 minimum approx a month = 12000 (havent considered any increase here) time - 20 years - that would leave me with 240-300k in superfund plus a property (no idea abt its worth when i am 65) ..
regular income of 12k/yr + 240k in super would leave me with decent money to live .. plus i have properties overseas(inheritance) which are worth way more... so a secured future is all i am looking for.
