What is Self Managed Superannuation Fund

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What is Self Managed Superannuation Fund

• Take Better Control of Retirement Funds With A
  SMSF

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What is an SMSF?

• A trust where funds or assets are held and
  controlled on behalf of a maximum of four
  individuals, to provide future retirement
  reimbursement
• All members of an SMSF must be trustees of the
  fund or directors of the fund's corporate trustee
  (there can be exceptions)

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• Before you take in to note leaving your current
  superannuation fund to establish an SMSF, you
  should confer your options in detail with a Self
  Managed Superannuation Fund specialists or
  superannuation accountants

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Benefits of Establishing an SMSF?

• Increase the level of control you have, as well
  as the investment choice and suppleness
• Take judgments on your fund's investment strategy
  and the type of assets that are held within your
  fund
• Permits your fund's investments to be customized
  to suit the precise needs of members, before and
  after retirement

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• An SMSF is taxed at a discount
• If you ask your SMSF tax experts, you will get to
  know that this tax concession, however, is merely
  obtainable for complying funds which are SMSFs
  that fulfill all the rules set out by the ATO,
  the Superannuation Industry (Supervision) (SIS)
  Act 1993 and the SIS Regulations

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Working of Self-Managed Super Funds

• When you run your own SMSF you must
• Carry out the role of trustee or director, which
  imposes essential legal responsibilities on you
• Have the financial practice and skills to make
  sound investment decisions
• A budget for ongoing operating cost, such as
  professional SMSF accounting services, tax,
  audit, legal and financial advice

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• Keep inclusive records and arrange an annual
  audit by an approved SMSF auditor
• Use the money only to offer retirement benefits
• Set and follow an investment strategy that is
  suitable for your risk tolerance and is likely to
  meet your retirement requirements
• Organize insurance, containing income protection
  and total and permanent disability cover for
  super fund members
• Have enough time to investigate investments and
  control the fund

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Contact Us
SMSF Professionals Suite 7/ 104 Wigram Street,
Harris Park, NSW 2150 1800 883 007info_at_smsfprofes
sionals.com.au https//www.smsfpro.com.au/