Is a Self-Managed Superfund (SMSF) right for you?

By March 11, 2020Blog
Advivo SMSF

Advivo Accountants and Advisors proudly provide expert advice about the tax advantages of superannuation and will assist you every step of the way with your Self-Managed Super Fund (SMSF).

 

We strongly recommend talking to an expert when it comes to your personal retirement goals.  This information does not constitute financial advice.  Any information in this article is general in nature and does NOT take into consideration your personal circumstances.

SMSF Minimum Balance

An SMSF can be an effective way to manage your retirement savings, the very first question we are asked almost every time is – “How much do I need for an SMSF?” There is no straight answer here and you generally need a reasonable amount of super to justify the costs of an SMSF, however there is no minimum balance required by law.

SMSF Cost

Question two is usually – “How much will an SMSF cost?”. While there are fixed costs, such as the administration fee and audit fee, this may be calculated as a percentage of the balance and will likely reduce as the balance increases. Overall, the costs will depend on how you choose to manage your SMSF and the investment strategy, the more complex, the more likely the costs will rise.

Superannuation Specialist Support

Our hassle-free SMSF service manages all your SMSF needs monthly and offers real time reporting and expert accounting advice to ensure tax minimisation and SMSF compliance.

Our dedicated team of accountants and superannuation specialists provide expert advice about the tax advantages of a managed superannuation solution. If you are considering an SMSF, we can provide through our SMSF services, the specialist advice that will help you effectively manage the compliance costs and move forward.

Get in touch with us and talk with one of our SMSF accountants today to find out and learn more about the pro’s and con’s of having your own Self-Managed Super Fund.

At Advivo, we have an expert team of accountants and business advisors who will listen to you and take a hands-on approach to managing your business and individual financial needs.

Call us on 07 3226 1800 or send us a message. Located in Brisbane, we’ll take your business to the next level!

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