Welcome back to another episode of the Money Matters Podcast! After our last episode, we hope by now you have a better grasp of superannuation– because today we want to talk about Self-Managed Superfunds. While superannuation in its most basic form is a trust, with its own preservation rules and tax environment, SMSFs are not any different with the exception of a few small intricacies.
The important takeaway from a Self Managed Superfund is that it is what the name suggests “Self Managed”. While this can carry its own risks, costs and management burden, it also has its fair share of benefits when handled correctly.
While it may not be for everyone, it could be for you! Stay tuned in as we talk about what kind of investors are best suited for this superannuation structure as we take a deeper dive!
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorised representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights:
• What is a Self-Managed Superfund or SMSF
• The cost and burden of an SMSF
• Who are SMSFs relevant for
• What type of investors should consider SMSFs
• The pros and cons of SMSFs.
