Pension drawdown relief continues
The Federal Government has announced that the 50% reduction in the mimimum pension payments requirement will continue throughout the 2010-2011 financial year.... Read more
ATO matches data to online selling sites
The Australian Tax Office will extend its data matching programme to include online selling and auction websites.... Read more
Self-Managed Superannuation Funds (SMSF)
Self-Managed Superannuation Funds (SMSF)
Self-Managed Superannuation Funds (SMSF) are a popular superannuation option for many individuals, families and small business owners who want to have more control over their financial direction towards retirement.
Self-Managed Superannuation Funds operate similarly to corporate and industry superannuation funds by investing member contributions and making funds available to members on retirement. The main difference is that the members of a SMSF are also the trustees of the fund. Trustees determine how contributions are invested and they manage members’ benefits.
A number of financial benefits and concessions apply to SMSF, including the ability for the fund to acquire certain assets, such as listed securities and business property, directly from its members. This added flexibility allows a Self-Managed Superannuation Fund to invest in the usual superannuation-style investments like listed shares, as well as real property - giving greater control over investment strategies and outcomes.
The Peak Partnership can support your retirement investment strategies – from the planning and establishment of an effective Self-Managed Superannuation Fund though to the ongoing management and compliance of your fund.
Financial planning services are offered through Authorised Representatives of Professional Investment Services Pty Ltd. AFSL No. 234951. ABN 11 074 608 558.