An opportunity for you to control your financial future.


Did you know that according to the most recent statistics released by the Australian Taxation Office indicate that in Australia there are close to 600,000 self-managed super funds (SMSFs) now in operation.
This alone may not be very interesting but what many people will find interesting is that in December 2015 the exact number of SMSFs was 566,735, and thousands of new SMSFs are being established every quarter.  That’s interesting but the real question is WHY?

SMSFs offer a vast number of opportunities to help Australians increase their retirement benefit.  This comes in the form of reduced fees paid on superannuation investments and by allowing investors the opportunity to take control of their money.  Over recent years many people have experienced diminished returns from funds held within superannuation while the fund managers still receive commissions.  SMSFs allow you to take back control of your retirement savings.

SMSFs provide the same significant tax advantages offered to larger retail and industry super funds with one key difference – you have the flexibility to determine where your money will be invested.  It may be a particular property or share portfolio that you would like to purchase but you do not have the funds – a SMSF may make it possible to take advantage of the opportunity.  Clearly you cannot direct your retail or industry super fund to purchase that particular asset but with a SMSF you are in control and can therefore look to make asset purchases better suited to your needs.

Of course, as with any asset or investment strategy SMSFs are not suited to everyone.   They are available to both self-employed and employed Australian residents.  While most Australian residents are eligible to be part of a SMSF the decision to establish a SMSF is one that should be considered carefully.  A poor choice to establish a SMSF can in fact be a very expensive choice.  Therefore it is imperative that you speak to an advisor or accountant who has experience in this area before you enter into any SMSF strategy.  You should always consider a cost/benefit analysis when making the decision to establish a SMSF or to remain with a retail or industry fund.


dci_4682-websiteTo assist in making these very personal and important decisions, Angela Reissis from McMahon Osborne Group is offering a free one hour information session to outline the costs and benefits of a SMSF arrangement and some of the key matters you should consider.  The team at McMahon Osborne Group assists in the management and administration of in excess of 250 SMSFs and is experienced in helping decide if a SMSF is suitable for your personal circumstances.


General advice disclaimer – General advice warning: The advice provided is general advice only as, in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.]

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