|
Self Managed Super Fund (SMSF) FAQs
What is a Self Managed Superannuation Fund (SMSF)
- It is a superannuation fund that you can manage yourself,
- In other words, you can control the investments and decide yourself how the fund will operate.
What are the advantages of a SMSF?
- Control – the flexibility of a SMSF allows you control of the funds.
- Tailor made – you know what investments are made, and can make them to suit your goals and objectives.
- Taxation - an SMSF could offer you taxation advantages structured the right way.
- Protection - the assets of the SMSF are protected from bankruptcy and other legal claims.
- Estate planning - a SMSF provides great flexibility, and is able to pay an income stream to beneficiaries.
Can ongoing contributions from my employer be placed into my SMSF?
- Yes! As of the 1st July 2005 superannuation choice of fund means that you can instruct your employer to pay superannuation contributions to your SMSF.
What is a trustee and who can be one?
- You have two choices with the trustees of your SMSF, it can be an individual or a company.
- If you choose an individual trustee, then all members of the SMSF must also be trustees.
- A SMSF must have more than one person as trustee, if the individual option is chosen.
- If you choose an option of having a corporate trustee, then the member of the fund must be a director of the company.
What can the fund invest in?
- You have a range of investment options with the fund
- Your fund can invest in anything ranging from direct shares, share trusts, property syndicates, hedge funds or any other traditional and boutique investment.
- We will help you establish an investment strategy and discuss your options with us
Can the fund provide insurance?
- Yes!!! You can have your SMSF paying the cost of the insurance and claims this as a tax deduction, making your insurance costs more tax effective
Our Self Managed Super Service includes:
- Establishing a trust deed
- Recommend to you an investment strategy
- Rollover of existing super into your self managed fund
- Help you with access to discount and boutique investments for your fund
|
