Self Managed Superfund Brisbane

Thinking Self Managed Super in Brisbane?

Self managed super funds aren’t for everyone, but everyone has the choice to elect to have a self managed super fund if they want. Is it the right choice for you? There’s no simple answer, because it depends on a number of different factors.

The first thing to consider is what the alternative is, and there are only two alternatives. The first is not having a super fund at all, which really isn’t an option if you earn a salary in Australia (but can be done if all of your income is derived from non-employment sources), and the second option is the one most people go with, which is a third party managed super fund.

Advantages of not having a super fund:

• All of your net income is available for immediate use

Disadvantages of not having a super fund:

• No tax concessions or other superannuation incentives
• You have to rely on your own discipline to be sure of being self-sufficient in retirement.

Advantages of third party managed funds:

• Fund managers may have special knowledge guiding their decisions
• Does not require you to do anything
• Some limited legal protection (fund manager is liable for misconduct)

Disadvantages of third party managed funds:

• You have no say in how your money is invested
• You may have to pay high fees
• Early access to your funds is entirely at the discretion of the fund manager

Advantages of self managed super funds:

• You are fully in control
• You know exactly how your money is invested
• If set up correctly, your fund has ultimate survivability
• More generous tax concessions available

Disadvantages of self managed super funds:

• You accept all the responsibility and risk
• Lower investment power than commercial funds
• If you don’t know how to invest your money, the fund may fail

Make sure that you understand all the pros and cons of each option, and then if you still feel that a self managed super fund is right for you, consider the following factors:

• Do you have time to deal with the formalities of running a self managed super fund?
• Do you have the right knowledge or access to advice to help you manage the fund?
• Can you accept the risks of not having any safety net or statutory protections?

When you set up a self managed superfund in Brisbane, one way to improve your confidence and be sure of starting your fund off correctly is with assistance from Quill.

We have everything you need in one place, including financial planners, investment advisors, tax specialists, and more. To put it simply, just because you are choosing a self managed fund doesn’t mean you have to go it alone. You can rely on our resources to guide and support you.

Quill has the best experts for SMSF in Brisbane

We have very long-term experience helping all kinds of people to create their own self managed super funds. When you get assistance from us, you are getting assistance from the best, and that’s a good thing to know.

Get in touch with Quill today

We are ready to put our knowledge and abilities to work for you. Getting started is easy. All you need to do is give us a call or leave a message on our contact form. Do that today, because when it comes to retirement planning, the sooner you get started the more you will benefit.

Whether it’s individual or commercial tax needs, financial advice or strategies to grow your business, the Quill Group has you covered!

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