Self Managed Superannuation Fund Setup
A Self Managed Superannuation Fund (SMSF) is a vehicle used by many Australians to take control and manage their own retirement savings. The members are generally the trustees of the fund and this means the members of the SMSF operate the fund for their own benefit.
Benefits of SMSF Setup
A Self Managed Superannuation Fund (SMSF) allows a for a wide range of investment choices. For example you can invest in direct shares, direct property, art work and even jewelry. However, you need to be very careful as the sole purpose of the investment must be to generate income in retirement for the members of the fund.
By investing in an SMSF there could be some taxation advantages and it is advised that you speak with your financial planner, accountant or legal advisor to obtain any details around taxation within the superannuation environment.