A SMSF is your own personal Superannuation Fund that gives you total control over how your Super is invested. An SMSF is the perfect vehicle for the DIY Investor who would prefer to plan their own retirement strategy rather than relying on someone else to make investment decisions (like in a pooled fund) they are responsible and the trustee of their own fund. There is no minimum amount required to setup a SMSF.
A SMSF can be set up to include you, your partner, or your family members and can include future generations since it can be passed on. A well-managed SMSF can save you on the fees that are applied by the large funds, allows you to contribute shares, listed securities and real estate in lieu of cash and in most cases, protect your money/assets from creditors in the event of bankruptcy.
SMSF is a big trend and increasingly popular with savvy investors who like the control that operating their own super fund gives them.
If you are ready to establish a new SMSF or Transition an Existing SMSF, Peterson Group can attend to all the necessary aspects of the setup process for you including:
- Investment Strategy of fund
- Trust Deed / Bare Trust Establishment
- Ongoing administration and reporting
- Appointment of Corporate / Individual trustee
- Insurance for members within fund