Benefits of a Self Managed Super Fund

Do you know where your money is?

A Superfund is your money, a forced saving, but do you really know what’s happening to it? Week after week we receive our pay packets, notice the superannuation section and just shrug it off. But what if I was to tell you that you can do MORE with it! What if you could take charge of it and not only watch it grow, but see it skyrocket!

Well the answer for you then is a Self-Managed Superfund. This means YOU get control of your super, and YOU get to decide where it’s held and how it’s invested.

As with any investment opportunity risks are associated, this includes the fees of running a self-managed super fund to making a secure investment.

Let’s have a look at the benefits of a SMSF:

  • Control

Control over your investments and your money and to take upon an opportunity that arises.

  • Flexibility

The ability to respond to market changes with your investments.

  • Growth

Growth of your super and of your investments! With the ability to garner a loan of up to 70% of the value of a property (for property investment) it now allows you to have the ability to make a larger purchase and investment for a higher return!

  • Tax Reductions

Personal investments come along with a 15% tax on all profits earned, however investments where the income is asset based and supporting a pension income stream may have significantly reduced tax dependant on your situation.

  • Combine Super Assets

A self-managed super fund trustee may combine their super assets with up to 3 other members to purchase assets and investments that you may not have been able to purchase solely.

  • Planning

Self-managed super fund members have a greater say regarding the execution of death benefits and how they are to be paid, and are not binding similar to traditional superannuation funds.

There’s a lot that goes into managing a self-managed super fund, but you’re not alone, we’re only a phone call away!

How strong is your super?

Where could your super take you?

Thanks for reading!