Self Managed Super Funds

By: Stockx Accounting Services  01-Jul-2011
Keywords: Accounting Services, Wealth Creation, Self Managed Super

 

There are now more than 300,000 Self Managed Superannuation Funds (SMSF) in Australia and the number continues to grow.

A SMSF is basically a superannuation fund with one to four members who are also trustees responsible for the investment strategy and administration of the fund within strict Australian Taxation Office (ATO) guidelines.


Do you have a substantial amount in personal superannuation? (As a guide, a minimum of $200,000 would be required due to establishment costs and ongoing management fees.)

Do you enjoy learning about your investments and have the time to regularly review their performance?

Would you like increased flexibility in estate planning, more investment options and greater responsibility for your own retirement funds?

If you answered ‘yes’ to these questions, you may be suited to having your own SMSF.

Whilst there are potentially great benefits, having a Self Managed Super Fund requires time, effort and discipline plus they also attract extra ongoing fees including annual audit fees.

Call our office to discuss your superannuation options including establishment of your own SMSF.

Keywords: Accounting Services, Self Managed Super, Self Managed Super Funds, Super Funds, Wealth Creation

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