The Tax Office has raised the alarm over the one-third of $39 billion in property loans by self-managed super funds that are guaranteed by assets outside super, such as the family home.
If the property market collapses, SMSF trustees in this situation will be hit by a double-whammy of losses to both their retirement savings and personal assets.
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Joanna Mather joined the AFR as an education reporter in 2008. She spent four years in the Canberra press gallery before becoming superannuation reporter in 2016, deputy news director in 2021 and wealth editor in 2023. Connect with Joanna on Twitter. Email Joanna at jmather@afr.com
