Self managed super is fast becoming Australia's superannuation of choice. Hundreds of business owners and investors register new superannuation funds every day. That's mostly because self managed super allows more freedom and flexibility of investment.
The self managed super advantage
There is allot of hype around Self Managed Super Funds (SMSF), however the main difference is simple. A Self Managed Super Funds gives you full control over your retirement savings. Your investment savings can even be pooled because self managed super funds accommodate up to four family members. With the right investment strategy, self managed super allows you to pursue diverse investment opportunities including:
- Managed funds
You make the ultimate decision about buying and selling superannuation fund assets. Yet sound advice is always on hand at Dendra where we can help you secure your financial future.
The superannuation tax and regulatory environment is stringent. Establishment, Administration and Auditory requirements must all be met. Non-compliance can lead self managed super funds into taxation rates as high as 45%.
In recent years, borrowing to purchase property or other assets within a Super Fund has become more common and can offer some great advantages.
The combination of lower overall cost and investment agility makes self managed super very attractive. To high net worth individuals, small business owners and directors of medium to large enterprises it offers significant gain.
If you would like to take control of your superannuation savings, click here to request an appointment or contact our office.