Every individual has different motivations in respect to their choice of retirement vehicles. This choice provides Australians with enormous power when selecting where to hold their superannuation assets.
While there are many benefits to using a SMSF as your preferred retirement vehicle (refer to our link “Why SMSF”), the financial decision as to whether a SMSF is right for you will ultimately be a personal decision.
We have noted below some of the key issues for someone considering whether a SMSF is right for them:
• Control – Do you want the ability to control the choice of investments for your superannuation?
• Flexibility – Do you want the flexibility and freedom of choice of maintaining your own personal superannuation fund?
• Cost savings – Do you have sufficient money in superannuation to take advantage of the cost saving associated with running a SMSF?
• Family super fund – Are you attracted to have a family retirement fund for you and your spouse and potentially the next generation?
• Trustee responsibilities – Are you prepared to take on the responsibility for maintaining the SMSF for the sole purpose of providing for retirement of the members?
• Ongoing involvement – Are you prepared to invest the time to regularly review operations of your SMSF, including investment performance?
If you answered yes to the above questions then you should seriously consider a SMSF.
The choice of a SMSF is not decision to be taken lightly given that you will ultimately be responsible as the trustee for a number of the regulatory requirements as noted above.
The good news, however, is that when you partner with Fundzcorp, you can rely on us to assist you in meeting these regulatory requirements and also importantly help you unlock the benefits when using a SMSF.
To find out how we can help you take advantage of the benefits of a SMSF, please call Marcello Blasi on 9480 6444 or request a complimentary consultation by clicking the link . site down
