Self Managed Superannuation Funds (SMSFs) are the quickest growing sector of the superannuation industry.
A SMSF gives you ultimate control over how your money is invested and allows members greater flexibility on where they invest their money.
When deciding on whether or not you should establish a SMSF it is important to weigh up the advantages and disadvantages:
Advantages:
- Greater control over investment choice within the fund
- Opportunity for direct investment in shares and property
- Ability to leverage (borrow) to invest in direct residential property
- Greater strategic planning opportunities
- In- specie contributions
- Estate planning
- Tax planning
- Potential for lower fees when compared to a retail fund
Disadvantages:
- Not cost effective for smaller balances, we suggest balances above $200,000
- Trustees and members have more responsibility in ensuring the fund is run compliantly
- Time to manage the paperwork and maintain good records
At Right Choice Financial we take the leg work out of running and maintaining a SMSF. We can assist you with the setup of a SMSF, tax return of your SMSF, audit of your SMSF, maintaining all relevant paperwork and all of your investment planning needs.
Book your first SMSF management appointment today.
Cost and obligation FREE!
Our financial advisers are experts in their field. They want nothing more than to see you succeed in your financial endeavours.
A Right Choice Financial Adviser can help you plan and prepare how much you likely need for retirement with suggested practical strategies to achieve the lifestyle you want for retirement.
We have established a close working relationship with UFinancial to ensure independent advice, best deal, and structure possible for our clients.
We provide professional financial advice and options for you to make an informed decision on the best way forward.