Benefits of Self-Managed Super Funds & why you need Small Business Consulting Services Australiaby Lucas Austin work together to simplify your tax, accounting and
If 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.
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.
Created on Aug 3rd 2018 00:54. Viewed 434 times.