| In Australia, the preferred national system for planning and contributing to self funded retirement, including pensions, is Superannuation. While a particular individual may have a high net worth, the Australian Government provides significant tax savings and benefits for retirement planning using an approved method of Superannuation. |
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| What is self managed superannuation? |
| Self managed superannuation is a form of superannuation whereby an individual and/or small group of individuals (up to a maximum of 4) are permitted to manage their own superannuation fund including its investment strategy, the purchase and sale of assets and its beneficiaries under certain strict rules and guidelines. |
| Unlike membership to larger superannuation funds where an individual may be limited in directly impacting specific investment decisions and timing of asset purchases and disposals in the fund, self managed superannuation enables a far more transparent and direct involvement in the day to day investment decisions and therefore the overall performance of the fund.. See More... |
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| Benefits of self managed superannuation |
| The inherent nature and structure of a Self Managed Superannuation Fund (“SMSF”) presents a number of benefits as well as obligations and risks including Control of investment strategy, speed and flexibility of investment, estate planning, choice of superannuation deposits, management of retirement pension and superannuation tax incentives. See More... |
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| Obligations of self-managed superannuation |
| While there are many benefits in self-managed superannuation funds, by law there exists a number of important obligations including personal responsibility, administrative obligations, investment/market risks and compliance reporting. See More... |
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| Choosing a self-managed superannuation administration service |
| Where trustee(s) of a self managed superannuation fund are not able to dedicate sufficient personal time and effort into maintaining the administrative obligations of the fund, they may choose to select a specialised self managed superannuation administrative service such as ActiveSuper. See More... |
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