A Self-Managed Super Fund (SMSF) is a private super fund that you manage yourself. You are in charge – you make the investment decisions, and you are responsible for complying with laws.
There are approximately 600,000 SMSFs in Australia with over one million members, accounting for over 800 billion in assets.
The advantages of SMSFs include;
– Investment choice
– Flexibility and control
– Effective tax management
– Pooling your super with others
– Protection from creditors
The disadvantages of SMSFs include;
– Duties and responsibilities of being a trustee
– Cost of running your fund if the assets are low
If you are considering setting up a SMSF please call our office and book a free meeting to discuss whether a SMSF is appropriate for you.
We can also assist in advising ongoing fees, asset purchases and any other questions relating to SMSF.
Our current price for setting up a Self Managed Super Fund starts from $375 plus GST (this includes the SMSF Trust Deed).