- They allow trustees full control over the investment strategy of the fund, including the range of potential investments and the timing for the purchase and sale of assets.
- They provide greater transparency compared with managed funds, where specific investment disclosures at any given time are limited.
- They are cost effective and will, generally, have lower management fees overall. This is dependent on the balance and for small balances, they are not cost effective.
- They offer greater flexibility and provide for multiple members to run a mixture of accumulation and pension accounts.
- They provide for more flexible and effective tax management of income and capital gains, particularly when moving from accumulation to pension phase.
- They offer the ability to purchase business premises within the super fund; and
- They give greater scope for estate planning.
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