Self managed super funds are established by an individual or family to manage super savings for retirement. SMSFs have between one and four members who are trustees and are responsible for investment decisions and compliance with super and tax law. These accounts can be quite complex, which is why it’s important to work with experienced SMSF accountants.
A professionally managed fund means that your employer will contribute to your chosen fund who invests that money where they see fit, charge you fees and you’ll see the benefits. It’s the set and forget option for super.
On the other hand, when you run your own self managed super fund you can decide where your money is invested, it’s perfect for those who are more aggressive with their investments. Trustees are also responsible to ensure the fund is compliant with the ATO. Depending on your financial situation, you may also be paying less fees for an SMSF.
If you’re ready to take more control of your finances, an SMSF could be for you. To ensure you’re setting up your SMSF correctly, remain compliant and avoid financial penalties, Bartley Partners’ team of SMSF accountants can keep you on track.
Are you ready to get started but not sure exactly what you need? Give us a call on (08) 8338 1033 or fill in the form to discuss how we can help you.