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.
Tag: managing A Super Fund Archives
A self-managed super fund is a surefire way of gaining greater control over your investments. It also offers you more flexibility (till the time you abide to your investment strategy). This said, there are various responsibilities on the shoulders of an SMSF trustee, and what’s more, you must tick many right boxes before entering into the SMSF space. Let us find out if the SMSF is for you; if yes then why and if not, then what may be the single biggest reason hindering you. Read along.
Investing in SMSF has been proven to be a good way to save for the future. But is putting your eggs in a self-managed Super fund a path you should take? That is one question you need to mull over again and again before you make a decision. Better yet, seek the expertise of an SMSF financial adviser and see if investing in SMSF will suit you and your financial capabilities, as well as that of the other members.
In a relatively short space of time, SMSF has become a very popular vehicle of retirement planning. While it has gained a lot of fame, a bit of notoriety has also come its way. There are critics claiming how SMSF gets tax favours and how compliance rules bypass important concerns like credit franking (divided swapping).
Miranda Maxwell writes a piece for the Business Spectator where she argues over the truth and farce behind calling SMSF pursuit of millionaires. The ATO has released fresh stats talking about the extra costs (apart from the investment) attached to the SMSF game.
SMSF has had a terrific run of late and things may only get better from here looking at the trend so far. This said, SMSFs also need to be wary of certain aspects and look diligently into others to make the most of the opportunity at hand. The same is just as true, if not more, for the SMSF practitioners.