Personal Wealth Autumn 2015
SMSF Borrowing / Investment Markets / How we build investment portfolios
SMSF ADVICE CERTIFICATES
A potential roadblock for SMSF property investors.
A certificate of advice, required by lenders prior to settlement, has proven to be a major sticking point for clients looking to borrow and invest in property within a selfmanaged super fund (SMSF).
The certificate, which is issued along with the loan contracts, is required to confirm the borrower has received appropriate advice relating to the SMSF purchase from a financial adviser or accountant. The advice certificate asks the adviser or accountant to confirm that the borrower has been provided advice about: the suitability of the loan, the ability for repayments to be made, the associated risks, the impact and the general terms of the loan.