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SMSF: Pros & Cons

There are a number of advantages, and disadvantages associated with Self Managed Super Funds. Some of these are:

- as the Trustee of your own SMSF, you can have complete control over the fund and its investments within the paramaters of the legislative framework.
Holistic Approach - by incorporating your SMSF into a Whole-of-Life Plan, you can maximise your superannuation contributions while stil lworking in order to ensure that you reach the retirement goals that you want.
Investment Choice - you can chose to invest your retirement savings in a wide range of assets, including securites, managed funds, fixed interest investments, real residential and commercial property, to name a few.

- each Trustee of the fund is fully responsible for hte decisions and operation of the fund.
Costs - for funds with less than about $150,000 in net assets, there can be additional costs associated with SMSF's, however once a critical mas balance has been reached, there can be considerable savings in having your money in your own SMSF when compared to other funds.

Contact us if you would like to review your current plan to retirement to ensure that you retire to the lifestyle that you want.

SMSF Info: