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