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I had a question regarding lending to SMSF. I have a fully set up SMSF investing in a property. Since the loan through the bank to property in SMSF is over 6.5%, I have borrowed a loan under my personal equity at 3.5% and would like to lend that to SMSF in order to save high interest rates.
Can I do that and if the answer is yes, what do I need to do get started on that and do you guys provides that service. If you do provide that service, how much do you charge.
I received an email from Westpac, (I’m a shareholder) offering a share purchase plan.
The offer comprises of either placement or SPP.
Could you please explain this offer and advise.
I’m 68 in pension mode. My wife is 63 and can contribute to our SMSF, concessionally.