Why Invest in Self-Managed Superannuation Funds?

If you’re a well-informed Melbourne  investor who gets his thrills in the high risk world of global finance, then you have surely at least heard about self managed superannuation funds. Known also as Do-It-Yourself supers, these are special retirement funds that let you invest whenever and however you like for your golden years.

The thing is, expertise and confidence in navigating stormy stock markets does not necessarily mean expertise on supers, what more self managed ones. When it comes to money, savvy players know that they must rely on outside services when doing so is to their utmost advantage. This is why they turn to Melbourne taxation experts to initiate their very own super – one that completely complies with Australian Taxation Office policies. This way, they make the most out of the tax breaks given to supers whilst still meeting their obligations to Australian society.

Do not dive blindly into self managed superannuation funds on your own because 1) the jump-off point is actually very high, and 2) most probably you have merely waded in the waters before, not having any clue as to how deep you’ll end up – or rather, how deep you’ll end down. Take ATO’s advice in its website: turn to the experts. You can find outstanding agencies and firms you’ll need so that you could do the thing you do best: making the right investments.

Impeccable accounting and taxation services are key in managing and administering your super fund. With a small but capable firm, you can have audits done and annual reports furnished for showcasing fund performance to your trustees for absolute transparency. With services other firm has , you can enjoy the benefits of your very own DIY super fund without much of the hassle and risk of penalty.

 

The SMSF Melbourners Want

Funding our retirement via a portion of our salary has been compulsory in Australia for quite some time now. The government requires 9% of our paycheck to be set aside in superannuation funds, with that percentage to be increased in the coming years. However, unlike in other countries that have the government handle the money, the Commonwealth lets its people have a certain degree of choice as to where their contributions go. Aussies can opt to work in companies that have superannuation funds that are set up to their liking, or they can go to banks and have their employer place their contributions to the formers’ funds.

This is because while our money is not yet in our pockets, it is placed in all sorts of investment vehicles in order to spurn economic growth. Money that would have otherwise slept in banks would fund infrastructure projects, real property, and businesses – all of which would earn more money. This cycle of investing and earning takes place throughout the working life of every Australian, so by the time an Aussie retires, his or her money would have grown in commensurate measure as to how much his fund’s investments had. This means that if one wants to end up with more money come retirement, one has to choose a super that has a portfolio comprising of high-risk investment vehicles such as stocks. However, risk-averse people opt for funds with conservative portfolios instead.

In Melbourne, many seek greater investment freedom and thereby choose self-managed superannuation funds. The SMSF Melbourners want allow them to invest whenever and wherever they want while still complying with governmental policies. This is why they look for professionals who will assist them in achieving the retirement of their dreams.

 

The Smart Choice Among The Super Funds Melbourne Offers

  Smart Australians live within their means and still invest in their future. And no – we don’t just put money in our savings accounts (because money only sleeps there and does not gain enough value against inflation). In the same way that we dedicate our time and effort into our jobs and businesses, we make our money work just as hard as well. Some of the less risk-averse among us place their bets in stocks and money markets, while most of us play it safe in government bonds and mutual funds. Additionally, when it comes to our retirement, we make our money work smart, too: we invest in superannuation funds.

Superannuation funds – or simply supers – have become so effective for Australia that it now has one of the biggest – if not the biggest – retirement coffers in the world. In fact, retirement funds have become so diverse as to have many that cover health and life insurance, or have highly varying investment portfolios. With a dizzying array of super funds Melbourners can choose from, which one is the smart choice? The answer is easy: Have your own super.

Having your own self-managed super fund means that you can:

·         Exercise greater control of your monetary assets

·         Place your money in the investment vehicle you like

·         Benefit from sizeable tax breaks

·         Enjoy mental serenity, knowing that your money is where it should be

However, to protect its constituents against the risk of losing money for their retirement years, the Commonwealth has placed strict regulations upon the super funds Melbourners and other Australians set up. This is why even the Australian Taxation Office itself recommends that individuals or entities utilise professional services in its website. Just like with any investment us smart Australians make, practice due diligence in order to make the right decision.