For most Australians, superannuation will be one of the most important investments you'll have,
along with a home and an ability to earn an income.
Increasing life expectancies mean the superannuation of many Australians will have to last them
for a retirement of 20 or 30 years. As a result of this, how much you have in superannuation
may play a large part in your standard of living in retirement, so taking an early interest can
really pay off in the long term.
Our financial advisers will help you understand more about your superannuation, the different
types of contributions, different strategies to enhance your benefits, and inform you of any
proposed Government rule changes and how they may affect you.
Self-Managed Superannuation can be a great way to help you build your retirement savings, offering you control and flexibility in
your investment choices.
Control: You have complete control over the fund’s investments; however, you must develop
and maintain an appropriate investment strategy.
Flexibility: You are able to invest in a range of assets, including Bank deposits, Direct Bonds, Direct Property, Australian and International Shares, Managed Funds, Private Equity.
Control of Operation: As members are generally the Trustees of the fund, you have a degree of control over the rules of the fund.
Continuity: The fund can continue to operate in the event of the death of a Member.
Cost Savings: Depending on the size of the fund, the cost of Managing an SMSF can be far cheaper than an Industry or Retail superannuation fund. Fees are transparent, and charged as a flat dollar amount, rather than a percentage of your assets.
Advantages for Small Business: SMSF’s can invest in business real property which can allow the Business to lease its premises from a superannuation fund.
Responsibility: Decisions and responsibility associated with managing the fund rests with the trustees. In addition, the trustees need to ensure that the fund complies with rules and regulations and meets deadlines imposed on reporting, etc.
It Can Be Expensive: Depending on your balance, the cost of managing the Superannuation fund may be more expensive than an Industry or Retail fund.
However, they are not suitable for everyone. Their appropriateness will depend upon the monies available for investment, and the skills and abilities of the proposed trustees/members.
GTG Capital Partners has specialist SMSF advisers that can review your situation to determine if a Self-Managed Superannuation fund is appropriate for your retirement planning strategy.
To find out if a Self-Managed Superannuation fund is appropriate for your retirement goals, contact us here