The number of self-managed superfunds have grown exponentially over the last 10 years. Driven by the global financial crisis, people wanted to have more control and understanding of what their retirement money within superannuation was doing. In addition, the government introduced borrowing from a self-managed superfund which if certain criteria are met an investment property can be purchased within a self-managed superfund. This has become a very popular option for investors looking towards securing their financial future. As Australians, we do love bricks and mortar and this is another investment vehicle that allows clients to purchase more investment properties.
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Self-managed superfunds can hold other investments as well and they do not suit everyone’s personal situation. Self-managed super funds do tie in with financial planning advisory and should be looked at as part of an overall strategy when considering your personal circumstances.
Please contact us at Zannettou and Co to organise an obligation free consultation to discuss whether setting up a self-managed superfund is right for you.
Zannettou & Co Chartered Accountants, Tax and Business Advisors accounting who provide accounting, business, taxation services to business from our office.