Self Managed Superannuation Funds

Superannuation is your investment for your retirement.  When deciding to contribute to a complying superannuation fund, you generally have two choices:

•    Self Managed Superannuation Fund, of which you are the Trustee
•    Managed by an institution

SMSFs are great for some people, but they do not suit everyone.

Investing money in superannuation can have the following advantages:

•    Maximum rate of tax for contributions paid by your employer is 15%
•    Salary sacrifice contributions taxed at 15%
•    Franking credits on dividends can help pay tax in SMSF
•    Tax advantages for those over 60 when you withdraw as a lump sum or income stream
•    Tax advantages for contributions to spouse’s fund (depending upon income)

There are a number of advantages and disadvantages and we would be happy to discuss these with you.

If you decide to set up a SMSF, we anticipate the following costs:

•    Set up – approximately $1,500 – depending on your requirements
•    Annual reporting requirements and audit – between $1,500 to $2,000

Pivot Accounting Services
Suite G23, 202 Jells Road
Wheelers Hill, Victoria 3150
Tel: 03 9898 9590
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