Murray inquiry: The FSI response's good news for SMSFs

Self-managed super funds will be able to continue to borrow to buy assets, mostly property, for the foreseeable future.

Summary: The Government’s response to the FSI will allow SMSF gearing to continue, with a review scheduled in three years from now. But vigilance is still required as the amount of money lost through SMSF gearing is significant, usually following property-flogging seminars. Superannuation in general is set for further reform and the changes will improve the entire super system for consumers.

Key take-out: While not everyone wants to use their super fund to gear into property, the right to do so will continue to be important for many.


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