A self-managed superannuation fund is a type of superannuation fund that gives individuals greater control over their retirement savings.
Unlike traditional super funds, where professional managers make investment decisions on behalf of members, an SMSF is managed by its members. The members are responsible for the fund’s operation and ensuring compliance with regulatory requirements.
An SMSF can have between one and six members. From 1 July 2021, the limit of members in an SMSF was increased to six. This change provides more flexibility for larger families or business partners who wish to manage their retirement savings together.
Benefits of an SMSF
Control
Access to More Investment Options
Tax Benefits
Estate Planning Flexibility
Greater Scale to Access Opportunities
Ability to Borrow Funds
Potential Cost Savings for High Balances
As an accredited SMSF specialist advisor we are able to provide advice on the establishment or wind-up of a Self-Managed Superannuation Fund.
We firstly work with you to determine if a SMSF is the right fit, by understanding your goals and current superannuation structure.
We can then work with your existing accountant or introduce you to an accountant in our network. Once the fund is ready, we can provide ongoing support to ensure it remains compliant and functions smoothly.
