Self Managed Super Fund Investment NSW, AUS | UYFF (2024)

Our financial planning partner assists clients to explore and achieve their financial goals when it comes to investing in super, protecting your assets as well as your income.

If you are considering a self-managed super fund our team will design a plan specifically for you. They give you full transparency on the benefits of a SMSF, but also the risks and limitations of this superannuation vehicle for retirement. Giving you full control and straightforward advice.

What is a Self-Managed Super Fund?

ASelf-Managed Super Fund (or SMSF)is a superannuation fund where you, the members, are also the trustees of the fund.

What does this mean? Trustees of superannuation funds have total control over the fund, including the investment approach, and are responsible for the retirement needs of each member.

This ‘control’ facet is a common reason for members setting up their own fund as well as families consolidating their monies to invest, nonetheless with this control also comes responsibility.

Consulting a SMSF Advice Specialist is an important step inensuring that your financial goals and desires towards retirement can be achieved, are suitable and tailored to meet your plans.

To give you further insight into Self Managed Super we have highlighted some key points:

• A Self Managed Super Fund can have one to four members, and each member must be a trustee.
• Typically you will require a combined member value of $150,000 to make set up & ongoing costs worthwhile.
• You are required to keep comprehensive records of the fund and annual audits need to take place.
• Ideally a SMSF is for investors who want control, however, if you have limited experience this can be addressed with your SMSF Financial Advisor.
• With the new guidelines in place, all investment strategies need to consider life insurance for its members and have this reviewed annually.
• It has to be clearly noted that all funds are used purely for retirement purposes.

Did you know?

• You can buy investment property using your money in a Superannuation Fund as a deposit and to borrow money to buy a property.
• Means that you can have an investment property without using any of your savings.
• You will still receive your 9% employers contribution which will go into the SMSF.
• The rent and the employer’s contribution will be used to cover the costs associated with managing an investment property.
• Property within a SMSF is exempt from Capital Gains Tax when its sold after a person reaches retirement age.
• You manage your money, instead ofpaying fees to a large organization that takes your money whether they make a return for you or not.

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By applying a few basic strategies, one can pay off one’s home loan in half the mandated time or less, without making any additional repayments over and above those normally required.

Are you wanting more control of your superannuation? Our financial planning partner assists clients to explore and achieve their financial goals when it comes to investing in super, protecting your assets and your income.

If you are considering a self-managed super fund our team will design a plan specifically for you.