Self Managed Super Funds, commonly known as SMSF’s are booming and there are over 450,000 in Australia today.
SMSF’s are booming and there are over 450,000 in Australia today. As super balances grow, people often want more say as to how their money is managed. There is an opportunity to manage your own super or have a Self Managed Super Fund.There are many grounds to choose a Self Managed Super Fund (SMSF). The most obvious is flexibility and power over your investments. But there are also many other benefits that cannot be attained with standard retail super funds. Tax benefits can be obtained through smart financial strategies. With control however, comes greater responsibility. With a SMSF you become Trustee for the Fund.
As Trustee you are responsible for ensuring that the fund meets all of the legislative requirements. You also control the day-to-day operations of the Fund. To find out if a SMSF is right for you, or to get the most from your existing SMSF contact us today for experienced advice that can make a difference.