Personal loans

Get the right information and advise for your home loans

  • What is Self Managed Super Fund

    Many people believe superannuation is an investment but it can be best des...

  • Advantages of SMSF

    Many people believe superannuation is an investment but it can be best des...

What is Self Managed Super Fund

Many people believe superannuation is an investment but it can be best described as a TAX SYSTEM. If money or investments are set aside for retirement and you meet certain legislative requirements, then you qualify for tax concessions.

 

Our Financial Planners will show you how you can:
 

  • Set up your own super fund
  • Take advantage of some amazing benefits through the super system to help reduce tax and protect your assets
  • Use your superannuation as a deposit for your next investment property
  • Use your employer superannuation contributions to pay off your investment loan

Running your own fund is complex so think carefully before setting one up. If you set up a self-managed super fund you must:

  • Carry out the role of trustee, which imposes important legal duties on you
  • Use the money only to provide retirement benefits
  • Set and follow an investment strategy that ensures the fund is likely to meet your retirement needs
  • Keep comprehensive records and arrange an annual audit by a qualified auditor


 

Advantages of SMSF

Many people believe superannuation is an investment but it can be best described as a TAX SYSTEM.

If money or investments are set aside for retirement and you meet certain legislative requirements, then you qualify for tax concessions. Unlike some common belief, investing in the sharemarket is only one of the many options you can have in superannuation.

You can invest in other things such as gold, cash, bank term deposits and even investment properties.There are many types of institutional superannuation funds on the market and even though some give you more choices than others, choices are limited.

Most of them do not allow you to have direct residential property.Instead of investing through an institutional superannuation fund, you can create your own superannuation fund – called a Self Managed Superannuation Fund (SMSF)

A key benefit of running your own superannuation fund is that you have control and wider choices of investments.

Some of the Advantages of Self Managed Supper Funds include

  • Control of your investments
  • Savings on fees if you have higher investment balances
  • Ability to hold many type of direct investments such as bank deposits, shares and property
  • Tax is payable after the lodgement of tax returns.  Most institutional super funds will deduct tax upfront
our lenders