Self-managed super funds (more commonly known as SMSFs) are a popular topic of conversation for those saving for, or already in retirement.
When compared to ‘traditional’ industry or retail super funds, SMSFs offer a greater degree of control and flexibility, including the ability to invest in direct shares, direct property (residential and commercial) as well as collectibles, such as antiques, artwork and jewellery.
However, SMSFs are not suitable for everyone. In addition to understanding how investment markets work, there are significant reporting and compliance obligations to consider, which means you’ll need a degree of financial acumen as well as the time and commitment required for paperwork and administration.
At Concept Financial Group, we understand the complexities of SMSFs and can help you to assess whether an SMSF may be appropriate for you. As specialists in this area of advice, we can also assist in relieving the day to day administration and compliance burden involved in maintaining a SMSF.