SMSF

Say where assets are invested

Self-managed super funds (SMSFs) are popular among investors who wish to control how their super is invested.

Just about anyone can establish an SMSF.

An SMSF is a trust in which money or assets are held and managed on behalf of one to four members for your retirement. In most cases, all members of a SMSF must be trustees and all trustees must be members. Alternatively, the SMSF can have a corporate trustee.

SMSFs are an attractive retirement investment choice for many because they offer control, flexibility and investment choice.

The trustee has the power to dictate the fund’s investment strategy and have a say in where the funds assets are invested.

As the purpose of an SMSF is to create retirement income, you need to tailor your portfolio to suit your individual and or other fund members’ requirements.

A main benefit of SMSFs is their low tax rate. It is the same rate as all other superannuation funds but the fund must comply with all the rules and regulations associated with SMSFs.

If a fund’s status is non-compliance, it forfeits the low tax rate.

SMSF regulations

It is mandatory for all SMSFs to have an investment strategy. This ensures all trustees are privy to the investment decisions and subsequent reasoning associated with an SMSF and its associated investments. It is a legal requirement to document this strategy and this is where consulting a financial adviser becomes important.

As a trustee, you need to consider your fund’s investment strategy but managing investments within an SMSF is time consuming and requires considerable skill and market knowledge.

Our experience will stabilise your investments and protect them against misinformed and impetuous tampering, which can compromise your state of affairs.