In this episode of SMSF Insider, host Troy welcomes Paul Whitehead, Head of Client Relations at Blue Chip SMSF Services, to discuss the setup process of establishing a self-managed super fund (SMSF). Troy shares impressive statistics about their quick turnaround times for applications, highlighting a record of just seven days from application to rollover. The conversation covers essential aspects of SMSFs, including the advantages of investing in property within an SMSF, tax implications such as low capital gains tax, and the significance of these investments at retirement. Paul also touches on some challenges and horror stories from the setup process, providing insights into what prospective SMSF trustees should be aware of. Tune in for valuable information and tips to help you navigate the complexities of SMSFs and take charge of your financial freedom.Ready to finally take control of your take control of your retirement savings and stop leaving your future in someone else’s hands? Book your free call with our team today to find out more: https://www.bcsmsf.com.au/contact-us/Follow us:Instagram – https://www.instagram.com/bluechipsmsf/Website – https://www.bcsmsf.com.auPlease note: The information provided in this recording is for coaching and educational purposes only. It should not be considered personal financial advice. Everyone’s situation is different, so before acting on any of the content discussed, please seek independent financial advice tailored to your specific circumstances.Timestamps: 00:00:00 - 00:00:00: Introduction00:01:04 - Disclaimer and Episode Overview00:01:15 - Guest Introduction: Paul Whitehead00:01:41 - The SMSF Setup Process00:02:26 - Understanding Blue Chip SMSF Services00:03:30 - Investing in Property through SMSF00:04:43 - Bear Trust Explained00:05:50 - Application Forms and Required Documentation00:06:44 - Setting Up the Cash Management Account00:07:43 - Rollover Process and Challenges00:08:54 - Client Support and Communication00:10:37 - No Advice Model in SMSF Setup00:11:05 - Client Investment Preferences00:12:52 - Types of Properties Purchased by Clients00:14:58 - Contract Types for Property Purchases00:16:07 - Referral Partner Experiences00:17:40 - Speed and Efficiency of Blue Chip Services00:18:40 - Entity Name Establishment for Contracts00:19:09 - Insurance Considerations in SMSF00:20:50 - Tax Advantages of Property in SMSF00:21:12 - Horror Stories and Client Missteps00:23:45 - Dealing with Client Misuse of Funds00:25:09 - Education on SMSF Compliance00:26:06 - Crypto Investment Challenges00:27:39 - Referral Arrangements for Crypto00:29:28 - Commercial Property and Leaseback Options00:30:38 - Market Rate Requirements for Leasing00:31:38 - Living in SMSF Properties: A No-Go00:32:23 - Selling Personal Property to SMSF00:33:40 - Long-Term Property Performance Insights

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