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.
In assessing whether an SMSF is suitable for you we prompt the following questions:
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.