Self Managed Super Funds are the largest and fastest growing sector of the superannuation market. They offer attractive alternatives to industry managed funds; however, they need to be approached with knowledge and caution.

What is Superannuation?

Firstly, what is superannuation NOT? It is not an investment but rather a tax entity, such as a company. Superannuation is used to accumulate assets and the performance of any superannuation fund is determined by the choice of assets included there in.

Why choose a Self Managed Super Fund?

Who should have a Self Managed Super Fund?

Considerations

It is important to note that Self Managed Superannuation Funds are not suitable for everyone. There are a great many rules and regulations governing Self Managed Super Funds and the penalties for getting things wrong can be very severe. It is imperative to obtain well considered advice before committing to a Self Managed Superannuation Fund.

The Personal Financial Designs difference

At Personal Financial Designs, we create financial plans which are tailored to the needs of each client. With our extensive knowledge about how Self Managed Superannuation Funds work and are structured, we are able to determine their suitability for individual clients and their circumstances. We ensure that our clients get all of the facts about Self Managed Super Funds, including all of the pros and cons, prior to making any recommendations.

For more information about Self Managed Super Funds consider attending one of our monthly lunch time briefings or make an appointment, call Chris on 4042 4000 or click here.