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Self Managed Super

What is a Self-Managed Super Fund?

  • Has less than 5 members;
  • Each individual trustee of the fund is a fund member;
  • Each member of the fund is a trustee;
  • No member of the fund is an employee of another member of the fund, unless those members are related;
  • The trustee can be a corporate entity;
  • No trustee of the fund receives remuneration for his or her services as a trustee; and
  • A SMSF is registered with, reports to and is regulated by the Australian Taxation Office

 

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 the members of an SMSF are usually also the trustees. If you set up a SMSF,
you're in charge you make the investment decisions for the fund and you're held responsible for complying
with the super and tax laws. It's a major financial decision and you need to have the time and skills to do it.
There may be better options for your super savings, it's best to see a qualified, licensed professional to help you decide.

 

To decide if a SMSF is the right decision for you Contact us to arrange a complimentary initial interview with a Best Wealth Creation
adviser to learn about Self Managed Superannuation in Townsville.

Why would you choose a financial adviser from Best Wealth Creation in Townsville?

Our personalised advice includes input from a team of experts in financial planning, tax, investment, superannuation, estate planning and philanthropy based on your requirements. This comprehensive approach helps ensure we can identify the most effective way to enhance your financial circumstances. Our advice can also be supported through an ongoing relationship with Best Wealth Creation which allows you to choose the level of our ongoing participation in your financial affairs.