Complete control

As trustee you’ve got full control of your self managed fund. You’re in control of the investment strategy and process—you’re deciding when and where your money is invested and for how long

This control allows you to create a superannuation portfolio that meets your needs.

Freedom to choose

By managing your own superannuation you can also decide to invest it a number of ways. You’re able to invest in most investment products in Australia and internationally.

Tax benefits

Individuals who take advantage of self managed super funds can also access a number of tax benefits as the tax rate is lower and you’re able to grow your super more quickly.

During the accumulation phase there are a number of benefits to take advantage of, including:

• gaining tax benefits from certain contributions
• receiving government co-contributions where relevant
• capped tax rates for investment earnings
• implementing a tailored strategy to manage your tax position.

When you reach the pension phase all of the income earned and any capital gains that are realised are exempt from tax within the self managed fund.

Flexibility

Members have significantly more flexibility when it comes to managing their superannuation, compared to other superannuation funds. Contact us directly to discuss the different options available to you.

Life insurance

Members of self managed funds can obtain life and income protection insurance through their self managed fund. Setting up your insurance through your fund means that any premiums paid are tax deductible.

Previously, Reasonable Benefit Limits were applied capping the amount of retirement benefits that a person can receive over their lifetime at a concessional tax rate, but these limits have now been abolished. This removes the barrier for any members who need higher life insurance.

Effective transfer of wealth

Typically, superannuation savings are one of the biggest assets for an individual after their home. It’s important to ensure your superannuation can be transferred easily between generations—the flexibility of a self managed fund means that wealth transfer is streamlined.

Retirement income

Your self managed fund can be set up to provide you with a retirement income stream; set up to meet your needs.

Security

You’re in control of your superannuation fund so its security rests directly with you. You’re always protecting your interests first and foremost. At a point in time, you know where your money is invested, its performance and if anything needs to be rectified.

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