3 Tips When Running An Australian Self-Managed Super Fund

  Many Australians are now choosing to control their self-managed super fund. The features of managing your account include greater control over your investment strategy; choice and variety of investment belongings and potential cost benefits – this can be rewarding both individually and financially. However, when you become an SMSF trustee, you undertake the administrative duties designed to make sure your account complies with the law. These responsibilities include planning an annual come back and audit, valuing the fund’s resources, record keeping, and withholding taxes. To be a self-managed super fund trustee, you must comply with the lowest requirements laid …

Continue Reading

Tips to Start a Retirement Fund

Whether you’re in your 20s, 30s, or even 40s, it is not too late or too early to start planning for your future. Setting up a retirement fund provides financial security that lets you live out your senior years in a stress free, enjoyable way. Let our guide help you overcome the scary early stages of setting up a retirement fund. Start Small Only saving a little won’t provide a substantial income, but starting small is the key to saving for retirement. Those who are financially stable should add the maximum amount allotted each year to their retirement fund. In …

Continue Reading

What are the benefits of a self managed super fund (SMSF)?

A self managed super fund is a type of self managed superannuation fund. Superannuation is just a big word for a routine employee funded payment made into a future pension fund. It may also be called a company pension fund. What are the benefits of a self managed super fund? Give you investment control and greater investment flexibility Most of the self managed superannuation funds allow you to choose where your investment is going, to a point. You can pick between certain fixed interest and property through managed funds and shares, but usually with some restriction. With a self managed …

Continue Reading

Why Is A Self Managed Super Fund A Good Investment?

For thousands, they look into a self managed superannuation fund. These funds are certainly gaining momentum amongst millions and it’s quite easy to understand why that is. When you setup one of these self managed funds, you can contribute money on a regular basis and when you reach retirement age, can use it effectively. However, funds can also be used to invest with so that the funds can grow in size. Is a self managed super fund really a good investment and if so, why? There Is a World of Potential Investors and those who want to put a little …

Continue Reading

Superannuation – Employers Can Avoid Being Penalized by Offering a Superannuation Choice

Superannuation - Employers Can Avoid Being Penalized by Offering a Superannuation Choice

Many employers are being penalized because they don’t offer the best superannuation choice like the self-managed superannuation funds to their clients. It is important to make sure that you as an employer is taking care of your workers, and that you are making sure that they have different superannuation choices to choose from. Here is some information on how you as an employer can being avoid paying penalties because of mistakes with workers and their retirement funds: Pay your superannuation guarantee The first thing that you as an employer can do in order to be able to avoid paying penalties, …

Continue Reading

How to Use Superannuation to Buy Property

How to Use Superannuation to Buy Property

This is something that you probably don’t know, but you can use your self-managed superannuation fund to buy property. There are only a couple of things that you need to know, however, before you can actually do this successfully. We all know that SMSF can be beneficial to you, but the fact that you can buy property with it is a completely different story. Here is some information about how you can use your SMSF to buy property. Having a successful SMSF beforehand You might think now that you want to buy property, so you are going to start with …

Continue Reading

Transition to Retirement: Is your SMSF Ready for It?

Transition to Retirement: Is your SMSF Ready for It?

If retirement is approaching, the one thing that we are always ask ourselves is whether our self-managed super fund is ready for when we finally close the door on our trade for the last time. The one thing about retirement is the fact that you will still need to have the same amount of income, but without actually getting a salary. Many people that are managing SMSF are worried if they have enough money for retirement. For more details you can find here http://smsfselfmanagedsuperfund.com.au/. Here are some things that you should consider when you are on the verge or transition …

Continue Reading