SMSF Quick Tip

If you want more control over your retirement nest egg, this tip is for you …

Review your super and retirement needs and explore if a SMSF could be appropriate for you.

There are many benefits for small business owners moving to a self-managed super fund (SMSF). There are also important considerations – including strict compliance management – that impact on your decision to move to this DIY superannuation model.

A significant number of Australians now have a SMSF, over one million in fact. And they represent the fastest growing segment of the superannuation market, with almost one-third of the total pool of super savings.1

Why are SMSFs so popular?

Generally it’s because more people are deciding to take greater control over their retirement savings.

Many more of us are seeking the flexibility to make our own decisions about what, when and where to invest (including direct property, if necessary), and the ability to quickly change direction when needed. And SMSFs offer more flexibility and control than any other superannuation solution.

However, that’s not to say an SMSF is definitely appropriate for you. But if you…

* operate a small family business

* enjoy having hands-on control over investment decisions including property

* have your super customised to play a key role in family wealth and estate planning, and

* wish to invest in alternative assets

…then having a discussion about self-managing your super is a great place to begin.

As SMSF specialists, we can explain the benefits of and key considerations in running your own super fund, including ongoing compliance management, what it should cost to operate and ways to make it easier and more cost-effective than you might think.

If you are interested in exploring how an SMSF can work for you, contact Liberum Financial on 3233 6470.

The information provided is general in nature and does not take into account your particular investment objectives, financial situation or insurance needs; we therefore recommend you seek advice tailored to your individual circumstances before making any specific decisions.

Liberum Financial and its advisers are Authorised Representatives of Fortnum Private Wealth Pty Ltd ABN 54 139 889 535 AFSL 357306 Australia Credit Licence No 357306 trading as Fortnum Financial Advisers.