Self Managed Super Funds Perth
Not happy with the return on your Super Fund ?
Self Managed Super Funds (SMSF) allow people to control their own super investments for their retirement.
For many Australians, super is one of their biggest investments, if not the biggest investment, they will ever have. Most people are unaware that they can manage their own superannuation investments, and simply leave their super contributions in a managed industry fund.
However, some people want the hands-on control that comes with a self-managed super fund, and the flexibility of making their own investment decisions.
If you set one up, you're responsible for running it in accordance with the law and reporting to the ATO on its operation, so it is essential that you seek professional advice.
Self Managed Super Funds are most suitable for people with a fair amount of super, as sometimes the cost in establishing and maintaining a SMSF can outway the benefits.
Super is your investment for your retirement, so ensure you seek professional advice.
Residential and Commercial Property Investments
Changes to the law regarding lending to self managed super funds (SMSF) has injected new life into the use of super funds for property investment.
If you are not happy with the performance of your current super fund, you may wish to consider direct property investment through your own self managed superannuation fund
There are many advantages when a Super Fund acquires residential property such as:
> a great way to generate wealth for your retirement through tax effective super contributions
> maximum 10% capital gains tax on sale of properties held for 12 months or more
> potentially nil capital gains tax on sale of property in pension phase
> maximum of 15% tax on rental income
> all rental income received assists in paying off your loan
> the super fund pays the required deposit plus costs on the property being purchased
> purchase your own commercial property using your super fund
Find out more about Self Managed Super Funds (SMSF)
Custom Finance are affiliated with professional Financial Planners who specialise in Self Managed Super Funds in Perth WA. They will call out to see you to discuss the benefits of establishing your own Self Managed Super Fund.
The above information is general information only and not intended to be advice. It has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice or embarking on any strategy you should seek independent advice from a licensed financial planner who will consider the appropriateness of the advice, having regard to your objectives, financial situation and needs.
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