SELF-MANAGED SUPER FUNDS
LET US HELP EDUCATE YOU, SO YOU CAN TAKE CONTROL OF YOUR INVESTMENT DECISIONS
superfunds – GUIDANCE | STRATEGY | SOLID INVESTMENTS
Your Keys To Freedom & Financial Independence In Retirement With Self Managed Superannuation
WHAT IS AN SMSF – SELF-MANAGED SUPER FUND?
Put simply, an SMSF is a private pension scheme set up and managed by a small group of individuals. For many, it signals financial independence and peace of mind and a richly deserved retirement. Make your own financial decisions and choose your own investments to pave the way for the post-work lifestyle you deserve. To comply with superannuation and tax laws, it pays to have professional accountants in your corner – which is where Mayberry Meldrum & Anderson can help.
Come your time to retire, there are 2 things you deserve more than anything, financial independence and peace of mind. Most Australians are by nature hard workers. And, after working hard for the majority of your life it is time to get your money working for you. This is where establishing a self managed super fund, can make sure you take control of your financial independence and give yourself a much greater chance at retiring with the cash flow you require to live the lifestyle you desire.
In fact here is a statistic that displays the power of a SMSF:
37% of all super assets are held by people that have a SMSF. Which is only 7% of the population. So utilising a SMSF can give you a greater chance at retiring without financial restraints, and will maximise your financial control on your future.
Who can set up an SMSF?
Anyone. Our accountants can help you better understand whether an SMSF would be best for you. Up to 6 members can be in one SMSF, including spouses or partners, family and friends. As a member, you are a trustee of the fund and therefore responsible for making decisions and ensuring compliance with the relevant regulations.
What to consider
For the majority of people, superannuation is their largest asset apart from the family home. So, it’s important to make the best decisions to give you the greatest chance of retiring with financial security. There are many superannuation products on the market, and self-managed superannuation is not for everyone. Managing an SMSF involves time, work and risk, so it’s crucial to be 100% committed. However, an SMSF does offer many benefits that other superannuation doesn’t.
What are the benefits?
Firstly, by definition, a self-managed super fund gives greater flexibility and control over the funds and how they’re invested. This can include alternative investment options that other funds are currently unable to access, including direct investment in:
- Real property (commercial or residential)
- Unlisted securities
- Cryptocurrencies
- Precious metals
- Other collectibles, eg works of art
Further advantages include: Ability to borrow to purchase investments (with tight lending restrictions), and Flexibility to implement and manage legitimate tax strategies
How can Mayberry Meldrum & Anderson help?
The team at MMA has a wealth of experience in advising SMSF trustees and members, so that everything is 100% compliant. In addition, we provide strategic advice to help maximise the benefits that an SMSF can provide. Contact us to discuss the risks and requirements. Let us help you make an informed decision about whether an SMSF is the right choice for your circumstances.
