A snapshot of the superannuation borrowing landscape
Super borrowing is arguably the fastest-growing area of financial advice, and a potentially lucrative one for self-managed superannuation fund (SMSF) advisers.
Anecdotally, there is increased client demand in the area, and more and more products and services are finding their way to the market.
However, as a field of advice, super borrowing is not without its challenges.
Firstly, assessing and providing the strategic advice associated with a potential recommendation for a super borrowing scheme presents some interesting conundrums: should a client be borrowing to invest in the first place, and if so, is it more effective to do so inside or outside super?
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