With 559,5671 self managed superannuation funds (SMSFs) operating in Australia, it is clear more and more people are choosing to take charge of their own super.
What is an SMSF?
Unlike regular super funds, you can count the number of members on the fingers of one hand.
SMSFs have no more than 4 members in the fund and are set up for the main purpose of providing an income at retirement for its members.
Many SMSFs are set up between a husband and wife, and family members including children.
Considering an SMSF?
As a member and trustee of an SMSF, you have access to a wider range of investment options and greater control over the fund's investments.
You also have the ability to pool family assets and implement tax effective strategies.
A greater level of control however also brings a greater level of responsibility and complexity - not only in choosing your investments but also ensuring the fund is compliance with current super laws.
It is important you consider the time, cost and knowledge required in managing and SMSF.
How can we help?
Resource Super SMSF minimises the complexities behind establishing and managing your self-managed super fund by:
- Taking the compliance burden and administrative burden away from you
- Building personalised investment strategies
- Advising on investment property purchases
- Helping you ahcieve your wealth accumulation goals for retirement
Already an existing member?
1. APRA Statistics - June quarter 2015