Introducing Self Managed Super Funds (SMSFs)
Self Managed Superannuation is the fastest growing sector of the superannuation industry. More and more Australians are taking control of their superannuation and working closely with their Financial Adviser for individual attention and advice.
By running a SMSF you have:
- Direct Control of your superannuation
- Individual attention and advice
- Greater Investment Choice and improved potential for performance
- Tax Savings/Tax Minimisation Strategies
- Cost savings
By running your own super fund, you benefit from flexibility and control. You can customise your savings and investment strategy to suit your individual circumstances.
You determine the investments that are best for your individual circumstances. You decide what and when to buy, sell or hold investments. Ultimately, you design and implement an investment strategy that best suits you.
Individual Attention and Advice
Unlike dealing with retail funds or Fund Managers, you deal direct with an Investment Adviser – somebody you know and trust for quality investment advice.
Greater Investment Choice
With a Self Managed Super Fund, you have access to a greater variety of investments. These include direct shares, derivatives, managed funds, property and the list goes on. With access to greater variety of investments, along with individual attention and advice, you may see the value of your superannuation savings grow more quickly.
Self managed super funds provide significant taxation advantages and is an attractive structure to hold investments in.
Tax on income received from investments in your SMSF is a maximum of 15%, whereas Capital Gains Tax is a maximum 10% for assets held greater than 12 months.
Where a fund is paying a pension there is no tax payable on the pension account. That is $0 tax on investment income and $0 tax payable on Capital Gains for a pension account.
In fact, where a pension account has invested in direct shares, it is possible to receive a refund cheque from the ATO each year, through the refund of franking credits.
Unlike industry funds, the cost of managing your own fund can be significantly less, and yet you have so much more flexibility. Administration and Management costs are generally fixed, and not linked to the value of your superannuation.