How Michael Maximized His Tax Savings and Secured His Property Investment in His SMSF

Michael came to us with a plan to purchase property in his Self-Managed Super Fund (SMSF) but needed to contribute an additional $80,000 to super to complete the purchase. Initially, Michael planned to make a lump sum contribution—an option that would have excluded him from claiming any tax deductions. Along with securing the SMSF property, Michael also wanted to review his insurance to protect his assets and income should anything unexpected happen.

We devised a tailored contribution strategy, allowing Michael to claim a $1,824 tax deduction, wiping out much of his personal income tax. This approach not only saved him money upfront but made his super work harder toward his long-term goals.

Additionally, we reviewed and restructured Michael’s insurance plan to ensure his assets and future income were protected, giving him peace of mind as he invested. To support his ambitions for further growth, we also helped Michael develop a strategy to pay down the SMSF property debt faster, setting him up to make his next property purchase sooner.

With these strategies, Michael now enjoys significant tax savings, faster debt repayment, and a solid protection plan for his future. He’s thrilled with the outcome, and we’re proud to have helped him turn his goals into a secure reality!

If you’re ready to maximize your super and achieve your investment goals, let’s connect.

Call us at 1300 157 739 or email [email protected] today to schedule a chat with one of our experienced financial planners.?