Post by Wayne Shultz on Jun 24, 2024 9:36:06 GMT -6
An SMSF (Self-Managed Superannuation Fund) is a type of superannuation fund that allows individuals to take control of their retirement savings and make investment decisions. It is a trust-based structure with a small number of members, typically 1-6, and a responsible entity (trustee) that manages the fund's assets and makes investment decisions. SMSFs offer a wide range of investment options, including shares, property, and other assets, and allow for limited recourse borrowing. They also provide tax benefits, such as tax-free earnings and concessionally taxed pensions. However, SMSFs require significant time and effort to manage, as well as a sound understanding of superannuation and investment strategies.
SMSF Melbourne
SMSF Melbourne