Some of the tax benefits of a self managed super fund (SMSF) include:

• Contributions made to the SMSF are taxed at 15%

• Maximum of 10% capital gains tax on the sale of any property purchased through a SMSF if it's held for at least 12 months and potentially nil if sold in pension phase

• Maximum of 15% tax on rental income

• You may receive a tax deduction (via salary sacrificing) for loan repayments of the principal - which you normally cannot do

• The interest costs are tax deductible and can potentially reduce the 15% contributions tax to nil

• If you are a small business owner, you may receive additional tax concessions and asset protection from creditors

• Unlike other property investments, as a business owner, you can 'sell' the business premises you own into your SMSF - and rent it back to your business

For more information about self managed super funds and whether this is the best option for you, speak to one of the financial planners at Intellichoice today on 1300 55 10 45. Through Intellichoice Financial Services, we can also assist with a SMSF home loan if you are thinking of buying property through your self managed super fund.