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Paul Paxton-Hall recently presented at a LegalWise seminar on the topic of Using Superannuation for Best Effect.

In his presentation, Paul spoke about the significant changes to the superannuation legislation in late 2007 which now mean that superannuation funds are able to borrow in certain circumstances.

The procedures involved are complex and involve the establishment of a separate security trust. Loans made in accordance with the new rules must be on a limited basis so that the lender may only have recourse to assets acquired by the borrowed funds and not the assets of the super fund generally.

These developments in superannuation law are likely to have a very significant impact on wealth creation strategies involving superannuation funds - particularly self-managed funds.

The powerpoint of Paul’s presentation is available here.

For more information on this topic please contact us.