Your SMSF is a key retirement vehicle
Self-Managed Superannuation Funds (SMSFs) are an appealing option for business owners and individuals who want to control their superannuation assets. As per the name it literally means you are in the driver seat controlling the course of your retirement benefits. While there are many benefits to having a SMSF, this is a heavily regulated and compliance driven sector with significant ramifications for mismanagement. It is vital that you discuss all options and receive personalised advice from an authorised superannuation specialist prior to making any decisions.
Self Managed Super Funds (SMSF) areas of advice can include:
- Determine whether an SMSF is right for you.
- Establish an SMSF and an administration service to handle your legislated duties as Trustee(s) of an SMSF.
- Annually update your SMSF investment strategy.
- Assist with the structure of an investment property purchase and any LRBA (Limited Recourse Borrowing Arrangements) using your super funds.