Key Benefits of Self Managed Superannuation

TL;DR

Self-managed superannuation funds offer investment choice, tax planning strategies, transparency, and cost savings, but come with added responsibility as trustees.

Transcript

today and welcome to this week's video this week we're going to have a look at self-managed superannuation funds and some of the key benefits my name's robert goudie and i'm a financial advisor with consortium Private Wealth so looking in recent times you know it's been a lot written from the regulator ethic with regards to making sure that people ... Read More

Key Insights

• 🤳 Self-managed superannuation funds provide investment choice, making direct property investments and unlisted assets more accessible.
• 🤳 New platforms offer flexibility to access direct assets without a self-managed super fund.
• 🚕 Tax planning strategies, such as acquiring business real property, can lead to effective tax reduction.
• 👻 Self-managed superannuation funds allow for up to four members, enabling asset pooling and critical mass.
• 🤳 Different account types within self-managed superannuation funds provide flexibility in managing taxable components and accessing funds.
• 👻 Transparency is a benefit of self-managed superannuation funds, allowing clients to see their invested assets and capital gains/losses.
• 🤳 Cost savings can be achieved with self-managed superannuation funds compared to retail or industry funds by investing directly and reducing fees.

Questions & Answers

Q: What are some benefits of self-managed superannuation funds?

Self-managed superannuation funds provide investment choice, transparency, and tax planning strategies like acquiring business real property.

Q: Can direct assets be accessed without a self-managed super fund?

Yes, new platforms allow individuals to access direct assets like international shares without the need for a self-managed super fund.

Q: How can self-managed super funds reduce fees?

By investing directly and minimizing managed funds, self-managed super funds can reduce fees compared to retail or industry funds.

Q: Are self-managed superannuation funds suitable for everyone?

No, self-managed superannuation funds require a significant amount of responsibility and may not be suitable for everyone due to the lack of regulatory safeguards and potential risks.

Summary & Key Takeaways

• Investment choice and transparency are key benefits of self-managed superannuation funds, particularly for direct property investments.

• New platforms offer flexibility to access direct assets like international shares without the need for a self-managed super fund.

• Tax planning strategies, such as acquiring business real property, can be implemented through self-managed superannuation funds.