Self-Managed Super Funds

More than a million Australians choose to have their own Self Managed Superfund.  It’s not a course which is right for everyone, however if your Super is at a level where self-managed becomes a viable option, then there are certainly some good advantages to moving down this path.

There are many benefits to having a self-managed superfund.  The main one is control.  You have the ultimate control over how and where your funds are invested, and you have full visibility over your wealth tracking and ultimately your retirement savings.  The next great bonus is tax advantages.  All Superfunds benefit from concessional tax rates so in accumulation phase tax on investment income is capped at 15%.  In pension phase there is no tax payable, not even CGT.  Many of our clients have purchased their commercial property through a SMSF as this provided tax advantages in their circumstances.

Your SMSF must be overseen by a Trustee, and the administration involved can sometimes be daunting.  Trustees must lodge an annual tax return and audit and pay any ATO fees.  The more your SMSF grows the more cost effective this becomes.   As a Trustee you also need to ensure you’re running your SMSF within guidelines as the ATO penalties can be significant for any breaches.

If you’re looking to start your own SMSF, you’re best to seek the right advice from an investment and taxation perspective, and seek assistance in ensuring you comply with the rules surrounding SMSF’s.

PJT Advisors are experts in looking after your retirement and superannuation needs and can assist you with the establishment and ongoing management of your SMSF. If you need more specific financial planning advice, PJT can refer you through our partnership network to our preferred financial planning partners.

Want to know more? Request a free meeting with a SMSF Advisor, or call us on 5413 9300.

GENERAL ADVICE WARNING: This information has been prepared without taking into account your objectives, financial situation or needs. Because of this, you should, before acting on this information, consider its appropriateness, having regard to your objectives, financial situation or needs.

Merit Wealth LogoPJT Financial Services Pty Ltd  CAR Number 1243046 ABN 13615402189  is a Corporate Authorised Representative of Merit Wealth Pty Ltd ABN 89 125 557 002, Australian Financial Services Licence Number 409361

Wayne Patten ARN 277883 is an Authorised Representative and Jodie Thompson ARN 277884 is a Limited Authorised Representative of Merit Wealth Pty Ltd ABN 89 125 557 002, Australian Financial Services Licence Number 409361

Website: www.meritwealth.com.au | Privacy Statement. | Link: PJT FSG

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