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Should I Set up a SMSF? .

More and more Australians are realising the importance of setting up a self managed superannuation fund.

Let’s look at why.

Do you know that over 95% of Australians will depend on the government for some kind of support by the time they reach retirement age?

Here’s some scary statistics:

  • In 2008, there are 4 working Australians to 1 pensioner
  • By 2025, there will be 2 working Australians to 1 pensioner
  • By 2042, there will be 1 working Australian to 1 pensioner

Based on those statistics, how realistically can the government keep paying pensions? When will they cut the pension? Or means test them out of existence?

Are you frightened? If not, you should be …

Click here to find out how to take control of your retirement.

How can I take control of my own superannuation?

Easy. Provided you meet certain criteria, you can set up a self managed superannuation fund.

With self managed superannuation, YOU take control of your retirement. YOU can take control of your money and ensure it gives you maximum returns. By the time you reach 60, will you have enough money to fund your pension and your retirement?

The returns of most fund managers are not enough to build your wealth to fund your retirement. And once tax is taken out, and inflation is taken into account, well … have you made any money?

A Self Managed Superannuation Fund can give you amazing tax advantages. It allows you to increase your investment returns and ultimately, your retirement income.

(Setting up a self managed superannuation fund is specific to your situation, so you must always talk to a professional to ensure that it works for you. This brochure is only educational in content, and only licensed financial advisers are permitted to recommend the setting up of a self managed superannuation fund.)

[su_panel background=”#e8e8e8″ color=”#187DA1″ border=”#187DA1″]Contact us today to ensure your assets are properly protected. You can either contact us on 1300 669 336 or click here to organize a free consult no obligation.[/su_panel]

What are the benefits of a Self Managed Superannuation Fund?

For someone who wants to take control of your retirement and your investments, there is nothing like a self managed superannuation fund. Here’s why.

Up until age 60, you only pay 15% tax.

After age 60, you pay NO TAX if you take a pension from the Fund.

Let’s look at the after-tax effect on your wealth, assuming that you invest $100,000 at 20% for 10 years.

  • If you invest in your own name and pay the highest marginal tax rate of 46.5% tax, your $100,000 will be $290,158.68 in future dollars.
  • If you invest through a company or trust and pay 30% tax, your $100,000 will be worth $402,247.06 in future dollars
  • If you invest through a self managed superannuation fund and pay 15% tax, your $100,000 will be worth $540,903.59 in future dollars (or if you were over 60 and invested for 10 years until you are 70, and paid no tax, your investment would be $726,825.50)

It goes without saying that tax has significant impact on your ability to grow wealth.

$540,903.59 at 10% per annum will give you a tax-free pension at age 60 of $54,090.736. This is compared to $40,224.71 in a company (which is fully taxable!).

Are there drawbacks to having a Self Managed Superannuation Fund?

Yes there are. The most obvious one is you take responsibility for your own investments. There is more responsibility and work in managing your own investments than leaving it to someone else.

We are happy to discuss these further with you.

So How do I SET UP a Self Managed Superannuation Fund?

You can go to an accounting firm or you can chat to us, no obligation. Contact us now to find out how to set up your Self Managed Super Fund.

[su_panel background=”#e8e8e8″ color=”#187DA1″ border=”#187DA1″]Contact us today to discuss Self Managed Super Funds. You can either contact us on 1300 669 336 or click here to organize a free consult no obligation.[/su_panel]

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