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Self Managed Superannuation Fund

 

How Is It Different from Retail or Industry Superannuation Funds?


  • Investment Choice

SMSF’s allow the trustees to invest in alternative asset classes such as Art Work, Wine, Collectibles and more recently MIS schemes, over and above traditional asset classes, such as shares and managed funds. The trustee must ensure though that the Investment strategy will allow the super fund to purchase the alternative asset classes. 


  • Control

    Its human nature to have control over anything. In SMSF’s members are directly responsible for the fund and therefore required to make all decisions in relation to the fund. This includes but not limited to: Investment decisions, compliance, ensuring that your SMSF is audited etc.  


  • Cost Saving 

    SMSF generally have flat dollar establishment and recurring costs. Retail funds generally charge between 2-4% which includes contribution fees.  As the value of the SMSF increases the costs have a diminishing effect.  Whereas retail funds are charged more as Funds under Advice increase and there is a percentage fee as opposed to a flat fee. 


  • Tax Saving 

    SMSF trustees are able to develop and implement investment strategies aimed at maximizing the after tax return to the fund. This could include investing in companies who pay a high level of franked dividends, which can then be used to offset any tax liability the find has on its income. 


  • Estate Planning 

    More flexible estate planning strategies can be effected using a SMSF compared to Retail or Industry Funds. 


  • Instalment Gearing 

    We can now use gearing in SMSF to buy investment property and shares. This is done via a custodial trust set up.  It is proving to be a very popular strategy especially for someone who wants to build up a property portfolio using their SMSF. 

    Box Hill Financial Services is accredited to set up and provide advice to anyone interested in managing their own superannuation. 

 

 

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