A Self Managed Super Fund (SMSF) is your ticket to a stable retirement. The federal government wants us to set up our own Superannuation fund and for that it is quite willing to lay various tax perks ahead of us. Some of us, however, give credibility to the myth that managing SMSF is a time-consuming process. This is far from the truth. Let us find out why the myth needs to be busted before it does any more harm. Also, let us read about that one particular way of saving our personal time and effort when managing SMSF.
Australians care about their Superannuation but the mode of investment is such that it is easy to set it up and then forget about it. The aim of Super funds is to help your money accumulate during the course of your working life. This, the funds aim to attain through a wide range of investment options. The risk quotient differentiates one option of investment from the other. Let us find out all there is to know about your Super investment and also look into one little known yet very important aspect of such investment.
You are probably aware of the ongoing debate whether the Australian government should put a ban on SMSF lending arrangements or not. Proponents who support SMSF lending believe that SMSF loans have the potential to help SMSF trustees maximise their fund’s investment capabilities.
An unsettling survey result states that one out of every five SMSF trustees does not have a retirement plan in place. A majority of SMSF holders suggest that they are certainly chewing on the idea and working out something, but they do not have an elaborate plan laid out.
While writing a piece for the website Smart Company, Cara Waters sheds light on the Limited Recourse Borrowing Arrangements (LRBA) so often being used lately by SMSFs and certain guidelines that the SMSF Professionals’ Association of Australia (SPAA) has attached to them.