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.