SELF-MANAGED SUPER FUNDS
Control - Allows you to make direct decisions about your investments
Tax - An SMSF is concessionally taxed meaning that income is taxed at only 15% and long term capital gains at 10%. Additionally, SMSF can now use borrowed funds to purchase assets such as residential property. Sell your investment property in 10 years and pay only 10%!
Flexibility - The amount of your investment and when you make the investment is up to you. If you want to increase the amount of an investment, so, want to sell an asset, you can
Cost - SMSF generally pay lower fees than retail industry super funds*
Asset Protection - In the unfortunate event of bankruptcy, assets belonging to SMSF members are generally protected from creditors
If SMSF is an area that you would like to explore further please contact us. We can also put you in touch with Accountant professionals that deal with SMSF. My strong recommendation is to use SMSF professionals that specialise in SMSF as getting it wrong has dire consequences.
SMSF Seminars are conducted regularly. Please see our Seminars page for dates.
* Based on Self-Managed Superannuation Funds (Dec 2009) - Australian Taxation Office and APRA data
** Please note Hot Spot Property Group's capacity is to advise on the right property for you. Please consult your financial advisor or accountant, if you don't have one please ask us to refer one to you.