We currently don't have that product, but here are others to consider:
How we picked theseAn SMSF home loan is for borrowers with a self-managed super fund (SMSF) who want to use the funds to purchase an investment property. You cannot live in the home you buy until you're in the pension phase.
Rental income and capital growth generated by the investment property go back into your super fund's retirement savings.
You need a specific SMSF home loan to borrow money through your super fund. However, it's getting increasingly harder to find lenders that offer these products. This page has some SMSF loans you can apply for, and more information about how these financial products work.
* Figures from latest ATO quarterly SMSF statistical report, for the quarter up to September 2024.
The list below describes some of the most critical features of an SMSF home loan and SMSFs themselves:
Date of birth | Preservation age |
|---|---|
Before 1 July 1960 | 55 |
1 July 1960 – 30 June 1961 | 56 |
1 July 1961 – 30 June 1962 | 57 |
1 July 1962 – 30 June 1963 | 58 |
1 July 1963 – 30 June 1964 | 59 |
After 30 June 1964 | 60 |
Table information taken from the Australian Taxation Office.
You won't be able to access these funds before the appropriate age unless you experience extreme financial hardship, are suffering from a terminal medical condition, or are permanently or temporarily disabled.
The process of purchasing a property through an SMSF is similar to a regular property. However there are a few key exceptions and each lender will have its own restrictions.
The main difference is that an SMSF mortgage is more difficult to process, with fines of over $200,000 applying to trustees if their arrangements aren't properly structured.
It's a good idea to seek advice from an experienced mortgage broker or find out about any SMSF training your lender may be offering.
Once the loan has been paid off, the title can be transferred to the SMSF from the custodian or the property can be sold off.
An SMSF or its trustees are not allowed to hold the title of a property. This means that when you purchase a property through your SMSF a custodian needs to be listed on the property title instead. The custodian will hold the title until the loan has been fully repaid. It will then transfer to the fund.
The SMSF members still benefit from any income from the property, but having a custodian on the property title keeps them in line with superannuation rules.
There are some restrictions when it comes to any property bought by an SMSF.
If you are buying commercial property through your SMSF though, some of these restrictions do not apply. For example, you would be able to use the property for your own business. You can also purchase a commercial property that you or someone close to you already owns.
It is important to speak to a mortgage broker or other finance professional about the restrictions on an SMSF home loan.
Most lenders have pulled out of the SMSF home loan market due to the potential risks associated with these products for lenders. AMP, Macquarie Bank, St.George and the Big Four banks all previously offered these types of loans, and have all exited the SMSF loan market.
The lenders that still offer these products include:
Capital gains tax (CGT) is paid when you sell an investment property at a profit (the same goes for shares or other investment assets).
Capital gains tax is charged at 15% if you sell your SMSF property while you're still accumulating your super. If you hold onto it for a year it will attract capital gains at the reduced rate of 10%.
If you sell the property when you're receiving your pension though, you'll be exempt from paying capital gains tax.
If you're thinking of buying an investment property with an SMSF, but you haven't set up the fund yet, make sure to read our complete guide.
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I would like to re-finance my SMSF loan of 247k.
Also, I read on this page that if I go into pension phase and sell my SMSF residential home there are no capital gains.
Can someone give me more info on this?
Hi Shane,
Thanks for your question.
Yes, if you are on pension and sell your SMSF home, you’ll be exempted from paying capital gains tax.
Borrowing with an SMSF differs slightly from regular home loan borrowing, so it’s sometimes a good idea to speak to a mortgage broker or find out about any SMSF training your lender may be offering. The main difference is that an SMSF mortgage is more difficult to process, with fines of over $200,000 applying to trustees if their arrangements aren’t properly structured. We have a page that carefully explains how you can refinance your SMSF loan.
Hope this was helpful. Don’t hesitate to message us back if you have more questions.
Best,
Nikki
Do all lenders have a required $ balance to be in the super fund?
Will any lenders lend 90% to purchase a home through smsf
Hi Brian,
Thank you for your question and for contacting Finder.
Your loan-to-value ratio (LVR) would depend on the lender, the type of property and its value. LVR is usually computed as the price of the property divided by the size of the deposit or equity in the home.
Please note that the higher the LVR, the riskier they are to a lender. This is because a lender likes borrowers who have greater equity in their property.
Hope this helps.
Cheers,
May
Hi Jude,
Thanks for the question.
Not every home loan will have a required balance in your SMSF to be eligible. You may wish to contact a mortgage broker to discuss SMSF home loans that may suit your current SMSF balance and investment strategy.
I hope this helps,
Marc