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Is your super letting you down?.....then do something about it!

It's not what your super can do for you, but rather what you can do for your super!


Today more and more Australian's are looking to control their superannuation with over 1/3 of the total superannuation industry in self managed superannuation funds (SMSF's). With SMSF's being the retirement vehicle of choice for a lot of people, there are now an amazing 478,000 funds covering 913,000 individual members. The value of these assets are rising faster than any other sector with a total balance of approximately $439 billion.

The rise of funds recently has been attributed to the desire of baby boomers wanting control of their retirement nest egg, rather than leave it in the hands of fund managers. It's not necessary that they think they can do a better job, but rather the fact that they have the ultimate control and can quickly make decisions on their investment strategy if need be. It is amazing to note however that the Gen X'ers (born 1965 to 1980) actually have the biggest slice of the superannuation pie at nearly 50% of all superannuation balances in Australia.

So what are the benefits of running your own SMSF?

1. Investment Choice
- control of what you invest in, whether it be direct property, shares, fixed interest etc
2. Borrowing
- With the new rules allowing SMSF's to borrow, we can implement a strategy to allow members to obtain property within your fund
3. Tax Minimisation
- The ability to draw down a tax free income stream in retirement
4. Tax Control
- Through timing and flexibility, tax can be reduced through structuring and timing pensions
5. Pass on Your Wealth
- There are some great estate planning benefits via SMSF's
6. Asset Protection
- When litigation is at its highest, your benefits are protected

Can you see a trend above.......it's the flexibility and control of the outcomes! Pick up your most recent superannuation statement and see if you can see the same.

SMSF's are certainly not for everyone, but if you would to discuss the prospect of running your own SMSF, then
click here to email our office and arrange a time to discuss your circumstances with Mitchell Neary who as well as being a CPA accountant, is also a licensed SMSF advisor through our SMSF advisory arm, MJ SMSF Solutions.