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SMSF
Unlocking the Power of Your Super Fund: Investing and Understanding
At AZ Property Solutions, we believe that your superannuation fund is more than just a retirement savings account; it’s a powerful tool for building wealth and securing your financial future. Our dedicated team is here to provide you with the knowledge and strategies you need to make informed decisions about your super fund investments.
Understanding Your Super Fund with AZ Property Solutions:
The Fundamentals: Your super fund serves as a long-term savings plan designed to provide for your retirement. It’s funded through contributions from you and potentially your employer.
Investment Options: Super funds offer various investment options, each with its own risk and return profile. We’ll help you navigate these options to select the one that aligns with your financial goals.
Balancing Risk and Reward: Different investments come with different levels of risk and potential return. We’ll help you strike the right balance based on your risk tolerance and financial objectives.
Diversification Strategy: Diversifying your super fund investments can help manage risk. Our experts will explain the concept and guide you in building a diversified portfolio.
Corporate Trustee
A company acts as the trustee and each member is a director. This structure allows recording and registering of assets, providing administration efficiencies and flexibility in membership. Company establishment and ongoing fees are applicable with this structure.
Individual Trustee
Each member is appointed as a trustee, with at least two trustees required.
Your Responsibilities as an SMSF Trustee:
As an SMSF trustee, you are responsible for making investment decisions and ensuring the implementation of an investment strategy for your fund. SMSFs also have strict administrative obligations that require you to maintain records, provide financial statements, complete a tax return, and organise an independent audit. For this reason, many trustees engage SMSF specialists to help them manage their accounting, auditing, and tax reporting, as well as provide financial and investment advice. However, they always remain completely responsible for the decisions and administration of their fund.
Key Takeaways
The ability to control investment strategies and buy investment property using a self-managed super fund is an attractive option for many property investors – not to mention the beneficial reduced tax rate for high-income earners.
However, the ATO has implemented various strict guidelines based on protecting your financial and retirement interests vested in the SMSF.
Your investment decisions must be in accordance with your investment strategy based on the sole purpose test. Any decision you make must be made solely with retirement benefits in mind.
Because there are various complex compliance regulations, you should consult with a financial advisor before you venture into SMSF property investing. And once you’ve gone ahead with your investment strategy, we suggest that you also consult a tax specialist to help you make the most of those tax benefits available to you.
Seek Professional Advice from a Financial Adviser: AZ property solutions is a no advice model and does not provide financial, legal or tax advice to clients. We recommend that you seek appropriate professional advice in view of your personal circumstances. A licensed financial adviser will consider your personal situation and make a recommendation suitable to your financial needs. All information detailed on our website is purely factual and is general in nature. Accordingly, you should not rely on it. It should always be remembered that Trustees are legally responsible for all the decisions made even if you obtain advice from a Financial Planner. Whilst a Financial Professional can provide advice and assistance you are ultimately responsible for the Fund.
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