Self Managed Super Funds (SMSF) allow Australian’s to create and manage their own superannuation structure. Benefits of a SMSF include:
- Ability to invest in direct property and other investments that can not generally be invested in other types of superannuation funds.
- Reduced cost for those with large superannuation balances.
- Flexibility in implementing some complex strategies.
Self Managed Super Funds are complex structures and the penalties for making mistakes can range from fines to prison terms. A Luka Group Advisor can help you manage your Self Managed Super Fund and advise you on your requirements as a Trustee.
Contact a Luka Group Financial Planner today to discuss Self Managed Super Funds.
Self Managed Super Fund ATO Guide