SMSF

A self managed super fund (SMSF) is a type of superannuation scheme that is set up to provide retirement income for the members of that fund. An SMSF is a trust where the beneficiaries are also the members.

Whilst Self-Managed Superannuation Funds (SMSF’s) aren’t suitable for everyone, they have become increasingly popular over the last ten years or so for the following reasons:

• Increased level of control. You are able to have a much higher level of involvement with investment selection than is commonly the case with retail and industry superannuation funds.
• The option to invest directly in residential and/or commercial property.
• The possibility of leveraging a portion of your existing Superannuation balance to borrow funds to invest in direct property.
• The potential to reduce the cost of managing your Superannuation, depending on the underlying investments. 
• The option to reduce the compliance burden by appointing a corporate trustee.
• A tax effective way of building assets to fund your retirement.

We are able to offer a complimentary assessment of your suitability for a SMSF and provide further detailed information on your obligations as a trustee, the assets you are able to hold within the fund as well as the likely costs.

Contact us today via our online enquiry form to find out if a SMSF is the right thing for you.