Self Managed Superannuation Funds continue to be an attractive superannuation vehicle for those who are looking to take more control over their retirement plans and enjoy the flexibility and transparency the structure provides.
A self managed superannuation fund can have up to four members, all of whom must be trustees or directors of a corporate trustee, and all individuals must be members (with exceptions in limited circumstances). As both a member and a director of corporate trustee, you make all decisions relating to the operation of the fund, including how the fund’s assets are invested. While this gives you added responsibility in relation to your superannuation, the majority of the compliance and administrative tasks can be outsourced, meaning you can enjoy the flexibility and control offered by the structure without being burdened by the obligations associated with running your own superannuation fund.
Our Financial Planners are experts in this area and can provide you with an explanation of the benefits provided by Self Managed Superannuation Funds.