Post by Wayne Shultz on Apr 3, 2024 21:44:15 GMT -5
Self-Managed Superannuation Funds (SMSFs) are a type of superannuation fund in Australia that offers individuals more control over their retirement savings. With an SMSF, members act as trustees and are responsible for managing the fund's investments and compliance with regulations. This includes making investment decisions, such as choosing assets like shares, property, or managed funds, and ensuring that the fund operates within the rules set by the Australian Taxation Office (ATO). SMSFs offer flexibility and potential tax benefits, but they also come with significant responsibilities and costs, including administration, compliance, and legal obligations. Therefore, individuals considering establishing an SMSF should carefully weigh the advantages and disadvantages and seek professional advice to ensure it aligns with their financial goals and circumstances.
SMSF Brisbane
SMSF Brisbane