A self-managed super fund is a trust structure that can be used to manage retirement savings on behalf of its members. This kind of accounts are established for the sole purpose of providing financial benefits to its members in retirement, the benefits can also be passed to beneficiaries upon death. In this post, I have given some benefits of using this kind of accounts.
• Adopting the self managed super fund accountants you can decide how you would like to invest your retirement savings, and you can easily able to evaluate your super accountant tracking.
• This can be proving most effective way to pool your assets with a partner or your family. This way you can consolidate multiple super accounts to create a larger pooled balance.
• You can invest in direct shares, high yielding cash accounts, corporate debt, direct property and various other investment methods.
• SMSFs also allow you to control how your benefits are passed on upon death. For that, you can build a tailored strategy suited to your family situation.
There are many professional accounts that provide SMSF, capital gain tax advice, investment property tax and many other accounting services.
For more information about this, contact Gotsis Accounting.
