Self-managed superannuation funds (SMSFs) are a popular option for investors seeking greater control over their retirement savings. However, the decision to establish an SMSF should not be taken lightly. Whether an SMSF is suitable for you will depend on your needs and circumstances and whether you are willing to take on the responsibility of running your own super fund.
Before you decide if an SMSF is right for you, you should have an idea of what's really involved. Source: Australian Taxation Office.
Holding insurance through your SMSF: what you need to know
Insurance is an important consideration for all of us. But for SMSF trustees, there is also a legal requirement to consider the need to hold insurance cover for each of their members. This handy guide gives you the information you need to know about holding insurance through your SMSF.
Borrowing to invest with your SMSF - what you need to know
Many investors borrow to invest. But did you know that Self Managed Super Funds (SMSFs) are also able to borrow for investment purposes? This means that your SMSF can borrow to acquire assets that it may not otherwise be able to afford, such as commercial and residential property. This handy guide gives you the information you need to know about borrowing to invest with your SMSF.