SMSF (Self Managed Superannuation Found) is a trust where money and investments are held and managed on behalf of members. The purpose of this fund is to provide benefits to its members during retirement or death.
SMSF today is the fastest growing superannuation sector, which proves the fact that 32 % of Australians use today compared to 12 % in 1998.
SMSF (Self Managed Superannuation Fund) is a self-managed pension fund, which may contain 5 or less members. As trustee of the fund unless an individual can be company .
Managing your own super is a big responsibility. There are strict rules that govern how you can use an SMSF, how you can invest the fund’s money and when you can access your super.
Before deciding whether to manage your own super, think about the following aspects:
- Consider your options and seek professional advice
- Make sure you have enough assets, time and skills
- Understand the risks and laws
Why SMSF?
The benefits offered by SMSF (Self Managed Superannuation Found) are many.
First gives you the opportunity to decide on its strategy of investing. How what and whether to invest in something.
You can buy property. Your SMSF can buy business premises or residential property.
Another benefit is the ability to borrow, a feature that does not have any other pension fund , except SMSF.
SMSF gives you independence by providing you flexibility and the option to work in their own way and to have control over their finances.
This is only a small part of what SMSF (Self Managed Superannuation Found) can offer you, if you decide to make its users. He is a fund that will offer you much more for your retirement better. SMSF can save your money because it can be the most cost effective solution to shape and build your superannuation.
Self Managed Super Funds 