In this episode of SMSF Insider, host Troy reacted to videos about the ins and outs of property investments within self-managed super funds (SMSFs). He clarifies the rules surrounding residential versus commercial property ownership in SMSFs, emphasizing that while residential properties cannot be lived in or rented to friends, commercial properties can be owned and utilized by business owners in their SMSFs. Troy also addresses a common misconception regarding tax savings when owning property inside an SMSF, stating that it does not provide personal income tax benefits. Additionally, he touches on a recent report from APRA revealing Australia’s worst-performing superannuation funds, highlighting the alarming statistics of negative returns and high fees affecting Aussie superannuation money. Tune in to gain insights into managing your super fund and making informed investment decisions.

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Please note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances

Timestamps:

00:00:00 - 00:00:00: Introduction

00:01:25 - Australia's Underperforming Super Funds

00:02:48 - Residential vs. Commercial Property in SMSF

00:03:31 - Critique of Australia's Superannuation System

00:06:11 - Tax Implications of Buying Property in SMSF

00:08:01 - Winning the Lotto: Investment Strategies

00:10:51 - Concerns Over Superannuation Withdrawals