AUSTRALIANS WANT MORE CONTROL
OVER THEIR SUPER
With self-managed super funds (SMSFs), however, clients see a different result. The greatest advantage is although the Australian Taxation Office regulates their super, clients control their retirement investments. They control how their super is set up and how the funds are invested.
The number of SMSFs have increased by around 30,000 per year over the past eight years, rising from 350,000 with about $250 million in funds in 2007 to more than 550,000 in 2015 with total assets of $590 billion. While one of the key reasons people say they set up SMSFs is to have greater control, the strongest reasons are the opportunities to choose how to invest the funds and to minimise their taxes.
With more than 1 million members in SMSFs in 2015, it’s no wonder more Australians are curious to find out about whether SMSF is right for them.
ABOUT OUR SMSF ADMINISTRATION SERVICE
We’re able to offer a complete administration service for SMSFs
Administering the SMSF
Preparing financial statements and reports
Preparing member statements
Looking after income tax compliance
Get in touch today to find out more about your own self-managed super fund.