Deciding if an SMSF is right for you is not a once only decision. It requires ongoing consideration as you age and your circumstances change.
We can assist with formal advice to determine if a SMSF is right for you and also if it remains the best option.
Some of the advantages of a SMSF are:
- Control over your investments
- Business premises which can be owned by the fund and leased back to a member to use in their business
- More flexible retirement income streams
An SMSF may be more cost effective than another fund where it is large enough to justify all the costs involved. These costs include establishment costs as well as annual administration costs for financial statement preparation, audit and supervisory levy.