Self-Managed Super Funds
Thinking about self-managed super?
If you set up a self-managed super fund (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.
An SMSF must be run for the sole purpose of providing retirement benefits for the members or their dependents. Don't set up an SMSF to try to get early access to your super, or to buy a holiday home or artworks to decorate your house. These things are illegal.
It's best to see a qualified, licensed professional to help you decide.
For more information click on the video link below.
Buying Property Through Your SMSF is a Poor Strategy
Noel Whittaker, columnist for The Sun-Herald, discusses one of the hottest topics right now: whether a self-managed superannuation fund should be allowed to borrow to buy property.
Click here to read more.
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