A SELF-MANAGED SUPER FUND puts you in the driver’s seat as you take on dual roles of fund member AND trustee. Whilst adopting a SMSF can feel empowering, there’s a lot to consider before making the leap.
Gold Financial Planning is well placed to help inform your decision-making when it comes to determining whether a SMSF may suit your investing style. Previous investing experience and a hands-on approach to your financial life, may be a compelling factor towards establishing a SMSF.
Similarly, your current superannuation structure may have a range of personal insurances inbuilt within that fund. Opting for a SMSF, in place of your existing fund, could see you relinquish those insurances. Your financial adviser is well placed to work with you to secure a tailor-made package of insurances, designed to reflect your specific set of circumstances, should you choose to establish a SMSF and abandon your existing fund and the insurances held within that platform.
If borrowing from within the fund to purchase property is part of the attraction to a SMSF, we can outline scenarios that can illustrate potential benefits and pitfalls of investing in an indivisible asset.
Should you decide a SMSF is your preferred strategy, we can together with your accountant, assist you from its inception through to accessing funds upon your retirement. Or in the event of your death, provided you have an appropriate Estate plan in place, we can assist your nominated beneficiaries to claim their full entitlements.