Self Managed Super Fund or SMSF has gone a long way before it becomes the fastest growing sector in the superannuation industry. For many, superannuation is the second largest asset after the family home. Starting from the passage of the Income tax Assessment Act 1915 that legislate tax exemptions on super funds, superannuation has become the second biggest asset in Australia, after the family home. Over a million Australians now enjoy the benefits of self managing their super. However, for the majority of Australians, superannuation is too complex to understand. Worse – many don’t even know what self managed super funds are, or that they exist.
This is what we aim to address. As experts in the field of SMSF, we aim to address and answer all questions pertaining to Self Managed Super Fund.
Let’s start with the SMSF basics. Before you embark on the SMSF experience, it’s important that you have a good understanding of what’s involved and how it works.
We discuss the benefits of setting up an SMSF, facts surrounding this form of investment including the Do’s and Don’ts of running your fund and your responsibilities as a trustee. We hope this information will assist you in determining whether an SMSF is right for you.
Many cite the major benefit of running an SMSF is being ‘control’. So take control of your financial future and read on.