Self-Managed Super Funds – Fact Sheet
Self-managed superannuation funds (SMSFs) are a popular option for investors seeking greater control over their retirement savings. However, the decision to establish an SMSF should not be taken lightly.
Whether an SMSF is suitable for you will depend on your needs and circumstances and whether you are willing to take on the responsibility of running your own super fund.
In this fact sheet, we discuss the following key points:
- What are SMSFs?
- Structure of an SMSF
- Trustees of an SMSF
- Trustee duties and responsibilities
- What are the benefits of SMSFs?
- What are the costs of an SMSF?
- Risks and disadvantages
- Changing circumstances which may adversely impact an SMSF
- Is an SMSF right for me?
- Superannuation investment rules
- Investment strategy requirements
- Insurance considerations
- Investment strategy review
- Comply with operating standards
- Event based reporting
- Breaches & penalties
- ATO SMSF publications
- Getting help.
Click here to read more about all key points mentioned above and how they may relate to you.
If you’d like to discuss anything mentioned in this article regarding SMSFs, speak to us. We can advise you on your options after taking into account your overall financial goals.
Until next time,
Regards Rodney.
Rodney Johnstone CFP BBus, DipFP, GradDipAppFin
Authorised Representative of Count Financial Limited
Financial Adviser, FPW Financial Advice Pty Ltd
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