Superannuation is a long
term investment where your money is preserved until retirement. SMSF’s
allow you to take
control of your investments and give you the freedom
and flexibility in your investment planning to achieve the
lifestyle you want in retirement.
- The latest statistics, as published
by the Australian Tax Office, state that:
- The number of self managed super funds has grown in Australia to over
308,000
- New self managed super funds are growing at around 1,800 a month
- Around 580,000 Australians
are members of a SMSF
- Self managed super funds hold $165 billion in assets
What is a self managed super fund?
A self managed super fund has:
- Between 1 to 4 members
- Each individual SMSF trustee is also a fund member
- Each member of the fund is a trustee
- No member of the fund is an employee of another member of the fund,
unless those members are related
- No trustee of the fund receives any remuneration for their services as a
trustee
Think of your superannuation fund as a bank account for your retirement and
start thinking about what your lack of planning may mean to you. Have you
thought about your strategy to fund your retirement? By
2044/45 a quarter of the Australian population, approximately 7 million will
be aged over 65 so it is important to start investing for your financial
future now.
Is a self managed super fund right for you and how can you get started? If
you have the need then Supercom has the experience and
the team to
assist you.
Supercom can also provide you with
support when you are ready to transition your self managed super
fund into a pension fund that suits your circumstances.