Creating your own Self-Managed Super Fund (SMSF) gives you the additional benefits of
– tax efficiency
– choice and flexibility
We offer professional advice on setting up, managing and administering your SMSF, including
– strategy and costs associated with setting up your own SMSF
– maximising your tax benefits
– full and ongoing administration of funds, accounting and compliance.
We work closely with you to determine what, where and how to invest.
Your Self-Managed Super Fund is transparent (unlike most industry or public offer funds).
You can see the assets you hold, the income they generate, the franking credits you receive and every transaction that passes through the fund bank account.
SMSF’s may be cost effective depending on the size of the fund. Typically a public offer fund may charge as much as 2.5% per annum depending on the fund manager and investment option you select. A self-managed fund will cost closer to 1% per annum for a fund with $1 million in assets.
As SMSF’s benefit from concessional tax rates, they offer tax advantages over and above other forms of investment and wealth management.
Like all super funds, in the accumulation phase tax on SMSF investment incomes is capped at 15%. In pension phase, there is no tax payable, not even capital gains tax.
Choice and flexibility
SMSF’s are flexible. You can transfer listed assets into your fund or use it to purchase your business premises. You can even use your fund as a geared investment vehicle.
If you are over 55 you can start a Transition to Retirement Income Stream (TRIS) and access your super by way of pension payments. You may be able to reduce your overall taxation by starting a TRIS.
On retirement you can take your super as a lump sum or use it to purchase a retirement income stream. If you choose the latter you will receive a tax-free income.