Self Managed Super Funds (smfs)
Almost everybody has money invested in a superannuation fund, for some people it maybe in several funds. This investment represents 9.5% of our annual income and in most cases you have very little control over how this money is invested. A solution to this problem maybe a Self-Managed Superannuation Fund (SMSF). We have relationships with Financial Planners that can review your situation and determine if this strategy may work for you.
Self-managed superannuation is one of the fastest growing areas in the superannuation arena. Contributing money into superannuation has great tax advantages and a SMSF can complement your existing business structure.
Some Tax Advantages of SMSF include;
- Greater control over investment of retirement funds
- Lower tax rate of 15%
- Access to capital gains tax concessions
- Tax free pensions
SMSF are required to prepare annual financial statements and tax returns just like other entities. In addition the accounts must be audited every year by a registered super fund auditor to ensure they comply with their regulatory requirements. We can arrange these compliance requirements for you.
If you want to know more about superannuation or a SMSF call us today on (07) 5502 7694.