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Government co-contribution, Double you money - do you qualify for a 100% return on your investment within 12 months?
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Advice about Superannuation
What is a Self-Managed Super Fund?
- Has less than 5 members;
- Each individual trustee of the fund is a fund member;
- Each member of the fund is a trustee;
- No member of the fund is an employee of another member of the fund, unless those members are related;
- The trustee can be a corporate entity;
- No trustee of the fund receives remuneration for his or her services as a trustee; and
- A SMSF is registered with, reports to and is regulated by the Australian Taxation Office
Self managed superannuation funds comprise 20% of the superannuation industry and, at 31 December 2003, had approximately $125 billion in assets under management.
There are around 300,000 self managed super funds, and the number of funds is growing at about 2,500 a month. The average account balance of a self managed super fund is $235,000. As individuals’ super assets have grown, many people have sought to gain control over the day-to-day management of their superannuation.
The membership spread among self managed super funds is:
- One member 21%
- Two members 65%
- Three members 7%
- Four members 7%
To decide if a SMSF is the right decision for you contact us to arrange a free initial interview with a WealthSure adviser.
Contact us today for a free assessment, it could save you thousands!
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