Self-Managed Super Funds, commonly known as SMSF’s are booming there are nearly half a million funds in Australia today. It is a growing part of our business at LIFE Financial Planner’s.

Your super can grow to be a significant asset over your working life. With the benefit of regular savings from your employer as well as your own investments, it is important to make the most of this investment vehicle.

As super balances grow people often want more say as to how their money is managed. The opportunity exists to manage your own super or have a Self-Managed Super Fund.

There are many reasons to choose a Self-Managed Super Fund (SMSF). The most obvious is flexibility and control over your investments. But there are also many other benefits that cannot be achieved with standard retail super funds. Strategies can be employed to ensure that your Fund is a multi-generational fund, passing from generation to generation. Tax benefits can be obtained through smart financial strategies.

With control however, comes greater responsibility. With a SMSF you become Trustee for the Fund. As Trustee you are responsible for ensuring that the fund meets all of the legislative requirements. You also control the day-to-day operations of the Fund. From this point of view, having a SMSF can seem daunting.

Self-Managed Super Funds are a specialised area of advice. LIFE Financial Planner’s works with SMSF clients with a partnership approach. We partner with you as the Trustee and as the member. We also partner with your other professional consultants, your accountants and solicitors.

LIFE Financial Planner’s highly trained and experienced staff and advisers can provide the assistance and skills required to get the most from your SMSF.

To find out if a SMSF is right for you, or to get the most from your existing SMSF contact LIFE Financial Planners for professional advice that can make a real difference.