Thinking about setting up a Self Managed Super Fund?
This is not a decision you should take lightly.
If you choose to set up a self-managed super fund (SMSF), you will be in charge of the fund.
You and the other funds members will need to create an investment strategy, make all the investment decisions, and, some would say most importantly, be responsible for complying with the relevant super and tax laws.
When you take these factors into account, you must be aware it's a major financial decision and consider carefully whether you have time, resource and skills to do it.
This infographic is designed to give you a brief overview of some of the self managed super funds pros and cons.
You can learn more about self managed super funds via the ATO website.
Alternatively, we teamed up with Butlers Accountants to present this educational webinar on SMSF Property, which many of our clients have found to be a useful resource when considering whether to set up a SMSF.
James is Marketing Manager at MRD. He has been investing in property for the last 11 years, and owns properties in Burleigh and Palm Beach on the Gold Coast. He loves family, surfing, gardening and swimming. What else is there?!