the fastest growing super sector with Matt George
More and more Australians are getting involved in a self-managed superannuation fund (SMSF) due to the many benefits it can provide. If you decide to set one up, you are wholly responsible for running it in accordance with the law.
If you’re thinking of running an SMS, you will need to be on top of the investment market, know all your legal responsibilities, and be aware of the tax implications. Even if you receive incorrect advice from professionals, the onus is still on you.
It is always best to speak with an expert who has the experience to help you get started. Matt George of Money Choice can advise you on how best to approach your SMSF. Here are just some of the facts about the self-managed superannuation fund industry in Australia:
- · $400 billion invested
- · 450,000 active SMSF’s
- · 30,000 new SMSFs per annum
- · $1,460 billion by 2020
- · 75% of SMSFs outperformed industry funds
· The wealthy control their superannuation!
For more information or insight into a SMSF, you can contact Matt George from Money Choice.