What Makes A Self-Managed Superannuation Fund Popular & Attractive
by Emma Jhonson My Life My Rules Are you one of those looking forward for making your post retirement period fruitful without being dependent on any one else? Are you in search for the one life-time investment? Self-Managed Superannuation is a perfect opportunity for investing your money. This kind of fund allows you to be a hero of your own money making your own choice where and how to invest. With a work of your interest, not only would support your post retirement phase but also make your job a fun. So, become a part of this fund and make your future safe in every sense.What Makes A Self-Managed Superannuation Fund Popular
& Attractive
“An investment in knowledge always rewards best investment” a quote rightly said by Benjamin Franklin. As a responsible Australian citizen, one should have a vivid knowledge of how the wheels of economy move and how it impacts the life of a bread earner. Rich in knowledge always pay handsome dividends.
We all have a hidden financer and an economist inside when it comes to secure our future and economic freedom. We can go to any height of seeking financial knowledge and it is the best learning ever. For working people, they need to secure money for their retirement phase. For this self-managed superannuation is the best option.
Why Is It Popular!
Being a
master or hero of your own money is the best feature of SMSF. It is predominantly designed to give you a
complete freedom of what and where to invest.
1.
Judging from the number i.e., around 300000 self-managed
funds currently operational, clearly shows a high inclination of Australian
towards this fund.
2.
20% of the superannuation industry comprise of these
funds.
3.
Average account balance of a self-managed super fund
is approximately $235,000.
4.
Best thing is being you yourself as a trustee.
5.
A basic difference between self-managed superannuation
funds and other funds is DIY (Do-It-Yourself). It reflects that you are free to
control your investment and benefits associated with payment. All members being
trustees of the fund guarantees that all interests are being protected.
Attractive Features
Special
features associated with these kinds of funds are:
1.
The members do not exceed more than four.
2.
Each member is a trustee of the fund.
3.
All deeds of a trustee are enclosed according to
superannuation industry Act 1993.
4.
The basic feature of Self -Managed Superannuation Fund is that no member is the part of
any other fund or trust.
Some
features that make this fund further appealing are:
1.
Lowest management cost.
2.
Exchanging funds based on the performance becomes much
simple and free of any bureaucratic interruptions.
3.
After retirement this fund becomes your monthly
pension.
4.
Tax break is given to the government on the dollars
earned through superannuation.
This tax is
a gift for people to utilize it as they wish for their retirement. There is no
CGT or income associated hence; the income is totally tax free. For investors
over age of 55 years, a tax rebate is available on annual pension payment. It
is safer in a sense that the total amount invested clearly remains a family
asset, always at hand.
It has to
be noted that SMSF is not a fun after all as it seems to be. As per the
Australian Securities and Investments commission, Self Managed Superannuation is a contradictory term when it comes to
being easy and convenient to handle.
With such
attractive benefits, guaranteed protection and an opportunity to handle your
cash your own way, Self-Managed
Superannuation is the best way to cultivate your post retirement phase.
Only with your money saved properly, safely and free of taxes you can invest it
in any sector possible for making the after retirement period saved.
Sponsor Ads
Created on Dec 31st 1969 18:00. Viewed 0 times.