There is no guarantee that future governments will be able to provide for our comfortable retirement and there are tax incentives for all of us to make provision for our retirement through superfunds.

After the 2008 Global Financial Crisis debacle, many of us not only want to set aside funds through the superannuation system but want to be in control of the investments made through those superfunds. We do this through the use of superfunds that we control. They are known as Self Managed Superannuation Funds (SMSFs in short).

There are in excess of 30,000 SMSFs established in Australia every year or in excess of 100 per day.

SMSFs provide very good tax incentives for your retirement. So to avoid anyone taking unfair advantage of the system, there are very strict rules about how a superfund is set up and managed. We can assist you through all the administrative processes including liaison with financial planners, auditors and actuaries.

We continue to be amazed and sad for people who confuse the SMSF investment vehicle with their investment returns from their investments done through superfunds. If this issue is still not clear for you and you have significant investment assets available to you, may we suggest it is time for you to understand the power of SMSF’s and why they can work for you? Call us and let us discuss the possibilities over a cup of coffee.