Do you have a secure retirement plan?
You have so many options when it comes to retirement. One of the most tax effective options available to you is superannuation.
In Australia, Superannuation is money set aside over your lifetime to provide for your retirement. For most people, superannuation begins when you start work and your employer starts paying super for you. You can also build your superannuation with your own contributions to take advantage of super’s favourable tax treatment.
Very favourable tax treatment is applied to your contributions and investment returns in superannuation plus when you retire you can also enjoy a tax free income.
Do you want more control over your superannuation and retirement plan?
There are a few types of superannuation funds to choose from such as industry funds, retail funds and self managed super funds. You can get greater control of your superannuation funding by setting up a self managed superannuation fund.
The difference between a Self Managed Super Fund (SMSF) and other types of funds is, generally, that members of an SMSF are the trustees. This means the members of the SMSF run it for their own benefit.