Superannuation Borrowing For Medical Professionals
- Mitchell Walmsley
- 3 days ago
- 2 min read
Following our recent federal budget overview, we wanted to provide a quick update on a development that's been generating plenty of discussion: the proposal to scrap borrowing within superannuation for residential property.
The Headlines vs. Your Reality
You've likely seen the news about potential changes to limited recourse borrowing arrangements (LRBAs) within super, specifically targeting residential property investments. While this has sparked significant debate across the financial landscape, we're not here to weigh in on the politics of it all.
What we are here to do is cut through the noise and focus on what actually matters for you.
Good News for Practice Owners
Here's what you need to know:
If you own or are considering owning your medical practice premises within your SMSF, nothing appears to have changed.
The proposed restrictions apply to residential property, not to commercial property such as consulting rooms, medical suites, or practice premises. For many of our clients who have strategically used LRBAs to purchase their rooms within super, it's business as usual.
That said, we're keeping a close eye on any further developments and will update you if anything shifts.
Thinking About Buying Your Rooms in Super?
If purchasing your practice premises through your SMSF is something you've been considering, now is a great time to have a conversation. We can walk you through how it works, whether it makes sense for your situation, and the next steps.
Let's Talk
Have questions about how this affects your strategy? Wondering if buying your rooms in super is the right move? Reach out to us for a confidential conversation; we're here to help you navigate these decisions with clarity and confidence.
