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Benefits of Self-Managed Super Funds & why you need Small Business Consulting Services Australia
by Lucas Austin work together to simplify your tax, accounting andIf
you‘ve been hearing lots about the benefits of self-managed super funds (SMSF) you’re
not the only one! So what’s so great about them? An SMSF is a superannuation
trust where the members are also the trustees. It can have one to four members,
and as trustees, members have total control over the fund which means you can
invest in what you like. SMSF’s are tailored to meet an individual’s needs,
meaning you can mould it to work for you and the future you plan of living.
We
recommend you contact a company who offers Small
Business Consulting Services Australia to make sure you reach the financial
security you desire, through suitable, tailored services to meet your
individual retirement needs.
It’s
tricky establishing an SMSF? It’s not as hard as you may think, and the bonus
is, they can be very profitable.
An
SMSF in Perth offers many benefits.
Did
you know SMSF’s provide members with more investment options than other super
funds? Investment trustees have the ability to access direct shares, term
deposits, high-yielding cash accounts, direct property, income investments,
international markets, unlisted assets, collectables, and more.
They
also offer members the option of using a mixture of pension and accumulation
accounts. The trustees of the SMSF fund can adjust their investment mix to benefit
them, which allows flexibility and adaptability to respond quickly to changes
in super rules, market conditions, or individual circumstances.
As
with all super funds, concessional tax rates are beneficial to SMSFs. As
trustees move into retirement, well-thought-out tax strategies can help you increase
your super savings and reduce tax payments. We recommend you find a company who
offers Small Business Accounting
Services WA to help with this.
One
of the added benefits of an SMSF is the transparency it offers its members.
This transparency allows you to align your investment decisions with your
personal goals. If you are passionate about shares, ethical investments, or
property investing, an SMSF provides complete visibility over tax treatment (as
well as performance).
Don’t
forget that an annual tax return, ATO fees and audit must be lodged by the
trustees of any SMSF. As your fund grows, the more cost-effective it becomes. Any
good Small Business Consulting Services
Australia can advise you on this subject.
Lastly,
did you know trustees of an SMSF can combine their super assets with 1-3 other
members, such as family members or partners? This ability to consolidate super
accounts, instantly creates a greater fund balance, which increases the fund’s
investment opportunities and assets, but with only one set of fees.
If
you want to secure your financial future consider engaging Small Business Accounting Services WA who can guide and educate you in your SMSF.
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About Lucas Austin 
work together to simplify your tax, accounting and
8 connections, 0 recommendations, 36 honor points.Joined APSense since, July 5th, 2018, From Perth, Australia.
Created on Aug 3rd 2018 00:54. Viewed 832 times.
