Self Managed Super hits the half-million milestone
Figures from the ATO and APRA have again highlighted the growth of Self Managed Super Funds (SMSF) within the Australian superannuation system, with a record 509,362 funds as at 30 June 2013 (up 7% for 12 months).
SMSFs account for the largest share of superannuation assets, with over $439 billion of assets (at 30 June 2012) on behalf of Australians wanting more control over their retirement savings.
Done properly, a SMSF can be an extremely beneficial and flexible tool for managing your superannuation, and AGS Financial Group can help with all aspects of your SMSF journey. And don’t let the term “Self Managed” put you off. Most SMSFs are run with a high degree of professional support, but with full control and visibility remaining with the members.
Why go Self Managed?
Key benefits of a SMSF can include:
- Ultimate control and flexibility – over
- investments
- insurance
- taxes and
- estate planning
- Ability to borrow and leverage your investments (eg. property and shares)
- Full transparency
- Better retirement outcomes and investment confidence.
Self Managed Super with AGS Financial Group
At AGS we bring the experience and expertise of both the accounting and financial planning professions, to help you achieve the best retirement outcomes. We start with a detailed understanding of your current financial and tax situation, along with your objectives, to devise a cohesive strategy. We then back it up with innovative investment solutions, and industry leading implementation and live, ongoing accounting and reporting.
If you’re interested in assessing the suitability of a SMSF for you, or looking to use our services for an existing SMSF, please contact us today.
Published : 10 Sep 2013