Harper News

Superannuation

Posted: March 29, 2011

Superannuation funds may be able to purchase allowable assets and use borrowings to do so, in certain circumstances. 

For  example, a super fund may have some, but insufficient, cash  reserves to purchase a factory.  These cash reserves in conjunction with an instalment warrant and a limited-recourse loan may be able to be  utilised to affect the purchase of the factory. 

Rent from  the tenant and superannuation contributions can then be used to pay off the loan.  Please note  that this is a simplified  example, each circumstance is different and there is specific and trict  legislation regarding super funds and borrowings that must adhered to.

 
 

Online Calculator

Click here to use our Online Calculator

 
Privacy Statement  |  3/506 Nepean Highway (PO Box 11040) Frankston Vic Australia 3199  |  Tel 03 9770 1547XD Design
Harper Group Pty Ltd ABN 19 067 923 611  |  © 2011 Harper Financial Group Pty Ltd  ABN 46 124 548 812