What is a SMSF?
Self Managed Super Funds (SMSFs) are now the largest and fastest growing segment of the super industry. More and more Australians are taking control of their retirement savings and establishing their very own SMSF.
For many Australians, establishing their own SMSF offers five major advantages;
- Investment control
- Effective tax management
- Greater investment flexibility
- Capacity to pool your super with your spouse/family or up to 3 other individuals
- Estate planning flexibility.
While taking control of your super is becoming increasingly popular, managing your own SMSF comes with increased responsibility and obligations, as the size of your superannuation is going to dictate the quality of your and your family’s life in retirement.
There are also many rules and regulations which are designed to protect your retirement income. As a trustee of your SMSF, you need to adhere to these rules, and know that you are ultimately responsible for the running of your SMSF.
The primary principles behind The SMSF Club are to help you successfully reach your and your family’s retirement goals, and to ensure that you comply with these ongoing SMSF rules and regulations.