Iamge Self-Managing Super Funds (SMSFs) are a way of saving for retirement. The difference between SMSF and other types of funds is that SMSF members are usually also trustees. This means that SMSF members manage it for their benefit and are responsible for complying with the Super and Fiscal Laws.
As a financial planning firm with a large number of SMSF clients, Guidance Financial Services considers:
Direct Shares, No Managed Funds: There are significant cost savings when you as an investor buy and hold by owning shares directly rather than through a fund manager. SMSF tax return company offers you the best tax return services.
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Borrowing and Buying Real Estate: After discussing the changes to SMSF's direct loan withdrawal rules, we realized that many people choose to own real estate as an investment as part of their retirement savings.
Business owners who bought their premises through Super: this strategy has been around for years and is even more popular now that SMSF can borrow. Your super fund buys an office, warehouse, shop, or anything else relevant to your business and then your company leases the building from your super fund.
Higher Cash Holding: This is often criticized as SMSF, but we've found that during the GFC the ability to easily hold cash avoided a lot of hassle.
The above information provides only examples that may not apply to your circumstances and could expose you to potential losses. It is important to seek professional advice before starting a self-managed super fund.