SMSF Scenarios

	Occupation Full-function wholesaler
	Industry Wholesale trade
	Business structure Company, part owner, three employees
	Business age Eight years
	Annual revenue $765k

Looking to purchase the premises your business is leasing?

Tara has been running her full-function wholesaling business for eight years. She has the opportunity to purchase the warehouse her business has been leasing.

Roadblock

Tara discusses her purchase plans with her accountant, who says her tax returns aren't finalised. Concerned about her tight deadline and that she has not been making sufficient contributions to super, she reaches out to her broker.

Solution

Her broker speaks to RedZed, and we're able to provide an SMSF loan solution. We take a flexible approach to considering servicing outside of the fund to cover any contribution shortfall. Tara is able to proceed using proposed additional member contributions and alternative income verification. She is thrilled she now owns her business premises through her SMSF.

Sound familiar?

Are you facing a similar situation and looking for solutions? Reach out to one of our lending specialists, or ask your broker about RedZed today.

Call 1300 722 462 Email us today

	Occupation Construction supply company owner
	Industry Construction
	Business structure Company, sole owner, two employees
	Business age Two years
	Annual revenue $635k

Want to diversify your investment portfolio?

Jason recently met with his financial planner who suggested purchasing a residential property within his SMSF to diversify his investment portfolio. Jason is self-employed and has been contributing $20,000 into his super fund each year, but has a property he wants to purchase and needs to move quickly.

Roadblock

Jason is struggling to find a lender who doesn't require tax returns to verify his contributions.

Solution

Jason's contributions of $20,000 p.a., plus the proposed rental income, is enough to service the loan inside-the-fund. RedZed has flexible verification requirements for SMSF loans, including consideration without the need for fund or member tax returns. Instead, we verify by obtaining the last 12 months worth of super contribution statements. Jason is thrilled RedZed can turn this around quickly without the need for tax returns.

Does this sound like you?

Are you facing a similar situation and looking for solutions? Reach out to one of our lending specialists, or ask your broker about RedZed today.

Call 1300 722 462 Email us today

	Occupation Apparel wholesaler
	Industry Wholesale trade
	Business structure Company, part owner, four employees
	Business age 12 years
	Annual revenue $880k

Need to make additional super contributions to qualify for a loan?

Jarrad is the owner of an apparel wholesaler. Jarrad has a self-managed super fund generating $46,000 in net income (existing contributions + new rental income + income from existing SMSF investments). He wants to purchase a residential property within his SMSF, and to qualify for the required loan, his SMSF needs to generate $55,000 in net income. Jarrad proposes making $9,000 worth of additional member contributions to meet the shortfall.

Roadblock

Jarrad keeps coming up against restrictive SMSF lending policies that don’t take too kindly to his sporadic super contributions or the fact that his business financials have not been completed yet. Jarrad calls his mortgage broker for support.

Solution

His broker immediately rings RedZed because he knows RedZed’s new range of SMSF products offer outside-the-fund servicing and accept flexible income verification for proposed additional member contributions! Jarrad can demonstrate his capacity to make the proposed additional member contributions and meet the minimum serviceability requirements. RedZed enables Jarrad to purchase an investment property within his SMSF.