If you want your superannuation to work in a different way we might be able to assist.
Self-managed super funds (SMSFs) provide you with another option on how to save for your retirement. SMSFs aren’t for everyone as they’re more complex to manage and you should speak with a financial planner before deciding to set one up.
Setting up an SMSF is a major financial decision and you need time and financial skills to manage it. If you set up a SMSF you become a trustee of the fund. This means you’ll be responsible for managing your SMSF according to its trust deed and the laws and rules that apply to SMSF’s. The key principle is that you run your SMSF for the sole purpose of providing retirement benefits to fund members. Your investments must be separate from the personal and business affairs of fund members, including yourself.
Raising finance to purchase a commercial or residential property in your SMSF can be quite complex so we will introduce you to qualified professionals to ensure that you establish the correct structure.
SMSF loans are specifically designed to comply with regulatory requirements and we have accreditation with certain lenders that will provide competitive options.
An SMSF is not for everyone. It provides members the ability to privately manage their own super benefits for their retirement and allows additional control. It is important to remember that with the additional control comes added responsibility. An SMSF is only appropriate if you have the time, the desire, and the expertise to manage your super affairs correctly
