Self Managed Superannuation Funds
Self Managed Superannuation Funds (A.K.A 'DIY SUPER')
At Grosvenor Pirie we have over thirty five years of Superannuation administration and management experience which can assist investors who are looking to:
- Establish their own SMSF, or;
- Would like to outsource the administration duties of their already established SMSF.
What is a SMSF?
It is a Superannuation Fund:
What are the benefits of a SMSF?
You choose how your retirement savings are invested and have total control over the management of your fund.
- Low Cost
Compared to most other types of Super funds, the costs of running your own SMSF are often lower because you as the fund owner can control the administration duties.
- Tax Effective
A SMSF offers the Fund Owner the opportunity to take advantage of more flexible tax planning as well as more effective estate planning.
Is a SMSF right for you?
While the benefits of a SMSF are enticing and you may find the idea of managing your own Super appealing, there are aspects that should be considered before you decide on a SMSF. Of key importance is that with a SMSF, you take on the discipline and responsibility of adhering to compulsory regulatory and compliance procedures such as:
- Putting your investment strategy in writing
- Keeping all records of buying and selling of investments
- Keeping all records of the taxes relating to these investments.
There are many more things to consider when setting up your own SMSF - it is important to get the right advice first, in order to make the decision work for you.
Why choose Grosvenor Pirie to assist with your SMSF?
Grosvenor Pirie has the expertise to assist with the following SMSF requirements:
Insert GPML DIY Brochure
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