Depending upon their particular personal circumstances, many people stand to benefit significantly by planning for their retirement using a Self Managed Superannuation Fund (SMSF).
SMSFs can offer a number of advantages including greater control over investment choice, a reduction in administrative fees (where there are significant assets within the fund), the ability to incorporate investment property within the fund’s assets and the ability to include other family members within the fund.
Before establishing a SMSF, it is vital to seek expert advice to ensure that it will suit your specific situation and that you have a clear understanding of the responsibilities that come with it.
Clinch Long Letherbarrow have assisted many clients with the formation and ongoing management of their SMSFs.
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