Scott & Amy

Scott and Amy came to us with an initial enquiring about setting up a Self-Managed Super Fund (SMSF) to purchase an investment property. Both Scott and Amy are employed with a young family that had the desire to create a diversified investment property portfolio.

Their initial desires were to create a SMSF from their current superannuation that was in their industry funds, totalling $170,000. Scott and Amy were aware of the benefits in having a SMSF and also, wanted to better control of their superannuation.

We were able to assist in setting up the SMSF and align with a Financial Planner who did all the “heavy lifting” of the fund’s compliance and auditing, that meant, they didn’t need to worry about the day to day operation and tax obligations with owning / operating a SMSF.

Once the SMSF set up was complete, we were about to find a suitable investment property and complete the purchase. We like going the extra mile so we then provided a debt reduction strategy showing Scott and Amy how to pay off their SMSF loan facility in half the time. They loved the concept so much we were asked to review their other home loans. Since then, we have refinanced both their home and investment properties loans, debt consolidated their unsecured debts and provided another debt reduction strategy that will have all their loans, $860,000, finalised in 12 years.