Advantages of SMSF
The attractiveness of establishing a self managed superannuation funds are numerous depending on personal circumstances.
Advantages include:
- the feeling the monies are safer being invested by themselves as trustees
- maximum of 15 percent rate of tax on taxable income if the fund is a complying fund
- concessional treatment on capital gains for assets held longer than 12 months
- actively participate in the management and decision making process of the superfund
- complete knowledge and control of the investment decisions and asset mix either directly or via a professional adviser or fund manager
- greater investment freedom
- flexibility to change investments
- being in control of your retirement funds
- saving in costs (as self managed superannuation funds may cost less than retail superannuation funds)
See also features of SMSF.