Self Managed Superannuation Funds

Superannuation is an important part of our financial affairs.  Being one of the biggest investments you will make throughout your working life. 

Ensuring that your Superannuation is growing and that you are contributing enough to make your retirement years comfortable is essential.  The decisions you make now will have a direct impact on the way you live in your retirement.

What is a Self Managed Super Fund?

Self managed super funds are super funds which are can have one to four members and are managed by the members (trustees). It means you can make your own investment choices relating to your money, however you must have the time and knowledge to make this effective.

There are many legal responsibilities involved and as such, it is best to only consider a SMSF if you have adequate financial experience or a team of qualified advice such as Financial Advisor, Accountant and Legal Advice.

It is also best to have a large amount of money (at least $250,000) in the fund to ensure it is worth while, as you will need to absorb fees and still generate a profit.

If a Self Managed Superannuation Fund is what you would really like to explore, then consider getting advice from one of our financial planning professionals.

Contact Benchmark today to learn more.