Putting money aside to live on when we retire is something we should all consider doing. Our employers are required by law to pay into our superannuation accounts on top of our regular salary or wage payments. This applies to everyone, from casual workers through to full time employees and everything in between. All employees will have some form of superannuation account; whether it’s one used by the employer and offered to the employee as it caters to the needs of the specific industry (a retail industry worker’s super fund, for example, will differ from a teacher’s superannuation account), an online account from a bank or NBFI, or a self managed super fund (SMSF for short). If the idea of a self managed super fund appeals to you and you wish to find out more, get in touch with the team at Gavin Ma & Co.
A self managed super fund puts you in the driver’s seat of your financial future. As the trustee of the SMSF, you make the decisions as to how your superannuation contributions are invested, enabling you to better set yourself up for retirement and beyond. You might choose to invest in shares, gold or property, or even a combination of options.
Putting your contributions into an SMSF offers a wealth of additional benefits. The advantages of establishing a self managed super fund include:
The above benefits are just the tip of the iceberg. If you’d like to find out more about setting up a SMSF and having control over your financial future, get in touch with Gavin Ma & Co today.