It’s never too EARLY… OR too LATE to start thinking about your SUPERANNUATION
For the majority of Australian, superannuation is their largest asset apart from the family home. Are you giving your super the same care and attention as you do your mortgage? Here at Future AA we have been living and breathing superannuation for years, and it’s something we are SUPER passionate about! We love working with our clients to navigate the complexities of superannuation to develop plans on how to achieve FUTURE goals of a retirement that we know they deserve.
Self Managed Super Fund (SMSF)
What is a Self Managed Super Fund?
According to the Australian Taxation Office, “like other superannuation (super) funds, self-managed super funds (SMSFs) are a way of saving for your retirement. The difference between an SMSF and other types of funds is that, generally, the members of an SMSF are also the trustees. This means the members of the SMSF run it for their own benefit.”
Why not turn your superannuation into a Family Super Fund?
Over ONE MILLION Australians are now members of Self-Managed Superannuation Funds. It is now the largest sector of superannuation in Australia with a value of over $550 Billion. Future Accountants and Advisers don’t just set up Self-Managed Super Funds for clients, they create Family Super Funds. Our expert SMSF specialist advisers tailor strategies to meet your family’s goals. Take control of your retirement and enquire about if a Family Super Fund is right for you.
Why should I have a SMSF?
A SMSF is usually run by a family unit of 1 to 4 members who are also trustees of the fund. Therefore, the SMSF is run for the benefit of the members. The trustees have control of where the money is invested. Many people prefer this option to traditional Super funds as they get to retain control.
Another real benefit of setting up a family controlled SMSF is that they can provide you with the opportunity to reduce income tax on investment income and capital gains. This could be the difference between a comfortable retirement and a barely adequate living in your old age.
Your Next Steps
We are based in Wollongong and help clients nationwide with their Self-Managed Super Fund (SMSF) needs and other Superannuation needs. We’d love to assist you too.
Contact the FutureAA team on 1300 528 723 to discuss which options are are available to you and your family.
Future Accountants and Adviser Pty Ltd is a Corporate Authorised Representative (No 464958) of MyPlanner Australia Pty Ltd AFSL No. 345905