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What is Self Managed Superannuation Fund

Take better control of your retirement funds with a self-managed super fund. Having an SMSF means purely having control of how your super is being invested, and it has become a proved way of saving fund for retirement. Know more https://www.smsfpro.com.au/ or call on 1800 883 007.

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What is Self Managed Superannuation Fund

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  1. What is Self Managed Superannuation Fund Take Better Control of Retirement Funds With A SMSF

  2. What is an SMSF? • A trust where funds or assets are held and controlled on behalf of a maximum of four individuals, to provide future retirement reimbursement • All members of an SMSF must be trustees of the fund or directors of the fund's corporate trustee (there can be exceptions)

  3. Before you take in to note leaving your current superannuation fund to establish an SMSF, you should confer your options in detail with a Self Managed Superannuation Fundspecialists or superannuation accountants

  4. Benefits of Establishing an SMSF? • Increase the level of control you have, as well as the investment choice and suppleness • Take judgments on your fund's investment strategy and the type of assets that are held within your fund • Permits your fund's investments to be customized to suit the precise needs of members, before and after retirement

  5. An SMSF is taxed at a discount • If you ask your SMSF tax experts, you will get to know that this tax concession, however, is merely obtainable for complying funds – which are SMSFs that fulfill all the rules set out by the ATO, the Superannuation Industry (Supervision) (SIS) Act 1993 and the SIS Regulations

  6. Working of Self-Managed Super Funds When you run your own SMSF you must: • Carry out the role of trustee or director, which imposes essential legal responsibilities on you • Have the financial practice and skills to make sound investment decisions • A budget for ongoing operating cost, such as professional SMSF accounting services, tax, audit, legal and financial advice

  7. Keep inclusive records and arrange an annual audit by an approved SMSF auditor • Use the money only to offer retirement benefits • Set and follow an investment strategy that is suitable for your risk tolerance and is likely to meet your retirement requirements • Organize insurance, containing income protection and total and permanent disability cover for super fund members • Have enough time to investigate investments and control the fund

  8. Contact Us SMSF Professionals Suite 7/ 104 Wigram Street, Harris Park, NSW 2150 1800 883 007info@smsfprofessionals.com.au https://www.smsfpro.com.au/

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