If you want to have more control over how your superannuation is invested, a Self-Managed Super Fund might be for you.
Want more control over your super?
Self-Managed Super Funds can be a great way for you to take greater control of your superannuation fund.
Self-Managed Super Funds (SMSFs) provide a more hands-on way of investing for your retirement. The difference between an SMSF and other types of superannuation funds is that the members of a SMSF are usually also the trustees. This means that the members of a SMSF generally run it for their own benefit and are responsible for complying with relevant super and tax laws, which can be costly and burdensome therefore a decision on a SMSF needs to be well though out from independent advice.
For many Australian's, superannuation is their second largest asset behind the family home. You can have up to four members in a SMSF and pool your super assets with your partner or family. This means you are able to consolidate multiple super accounts to create a larger pooled balance. The larger your SMSF balance grows, the more cost effective it becomes. Therefore, it probably shouldn't be considered for small balances.
Greater Choice of Investments
SMSFs can offer a broader range of investment options than traditional industry or retail super funds do. With a SMSF, you can invest in direct shares, high-yield cash accounts, corporate debt, unlisted assets and direct property just to name a few asset classes.
SMSFs can allow you to control how your benefits are passed in the event of your death. You can build a strategy suited to your family situation and your intended beneficiaries.
SMSFs are becoming a popular way for Australian's to manage their retirement savings, but you need to consider whether it is the most appropriate option for you given your goals. Talk to us today.
Disclaimer: The information on this website is general information only and is not intended to be a recommendation. We strongly recommend you seek advice from your financial adviser as to whether this information is appropriate to your needs, financial situation and investment objectives. Whilst every care has been taken in the preparation of this website, 452 Pty Ltd, its directors, authors, consultants, editors and any persons involved in the construction of this website, expressly disclaim all and any form of liability to any person in respect of this website and any consequences arising from its use by any person in reliance upon the whole or any part of this website.