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SMSF DIY Guide: Everything you need to successfully set up and run your own Self Managed Superannuation Fund by Sam Henderson

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Chapter 7: Borrowing in super to buy shares or property

Borrowing and spending is not the way to prosperity.

Paul Ryan, US politician

If you want to borrow money inside your SMSF you need to understand the key rules of SMSFs, including the sole purpose test and the fact that you are generally not permitted to borrow money inside your super fund — except under limited circumstances and provided you have a particular structure for borrowing in place, called a warrant or a limited recourse loan. You cannot risk the other assets held by your super fund by using them as collateral for a loan. Trustees have an obligation to invest fund money in a way that protects the future payment of retirement benefits to members and to protect the members’ capital ...

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