Self-Managed Superannuation Funds can give you greater control and flexibility
If you are looking for an option that will allow you maximum control over your superannuation investments and provide you with the ability to make decisions about your retirement funds, then a self-managed super fund (SMSF) might be the right choice for you. A SMSF, as the name implies, is managed by you. So you have the power to make decisions about what it is invested on and how. You can tailor the investments to suit your current life situation and financial needs. Due to the increased flexibility, it is also easier to avail additional tax benefits.
Since an SMSF allows up to four members in a fund, you and your family members can also combine your investment assets together to create a better estate planning approach that allows you to save your wealth for retirement and for your children.
Despite the numerous benefits, however, SMSFs are not for everyone. With greater flexibility and power come greater responsibilities, complications and obligations. There are several regulatory and compliance requirements that you need to adhere to in order to set up and run a SMSF. It also takes much more time and effort to run a SMSF compared to the traditional super. If you are planning to set-up a SMSF, it is highly advisable that you speak to a specialist to determine if it is the right fit for you.
Plan ahead to stay ahead with our SMSF advice and administration services
At Cooee Wealth Management, our team has years of experience in handling SMSF funds for clients across Australia. With this exposure and insight, our experts can help you take control of your funds in a way that is just right for you. We liaise with you and your financial adviser to understand if an SMSF is beneficial for you under your circumstances, obligations and future goals. With our exposure to various financial scenarios, we are well-placed to advise you about the benefits and complexities of running a SMSF.
Our wide-spanning knowledge enables us to considerably simplify the process of setting up and running of your SMSF if we decide that it is the right choice for you. Whether it is regulatory, taxation or compliance obligations, we will ensure you meet them effectively so your investment is safe and fulfills all its legal requirements. With our assistance, you can also gauge your future needs and channel your wealth in the right direction.