SMSF assets grew 122 per cent for the five years to June 2010, twice as quickly as the total industry

Tim Stewart, Money Management
The SMSF Professionals’ Association of Australia (SPAA) has welcomed an Australian Tax Office report that shows self-managed super fund (SMSF) assets grew twice as quickly as the total industry for the five years to June 2010. According to the report, SMSF assets grew by 122 per cent for the five years to June 2010 – double that of the growth for the total superannuation sector (60 per cent). ARTICLE
Andrew Nelson, FN Arena News
In the ATO report, Self Managed Super Funds: a Statistical Overview, the tax office says that the much of the growth is due to the increase in salary contributions and net rollovers into SMSFs over the past few years coupled with the deposit of investment earnings. This trend is better explained by Self Managed Super Fund Professionals Association (SPAA) CEO, Andrea Slattery, who said that SMSF members tend to be the most engaged people in the superannuation industry. She notes that it’s these hands-on investors that work to ensure their own funds operate and perform well. ARTICLE


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Self-Managed Superannuation Service Providers in Australia. SuperBenefit provides a wholistic SMSF assistance, education and administration service continuum - 1. “assistance” is help of whatsoever nature where our overall SMSF experience and knowledge enables us to provide assistance/help without any legal (or “license”) limitations. 2. “education” involves providing knowledge through teaching, coaching and mentoring about all matters SMSF, including (but not limited to) investment issues such as equities and property, 3. “administration” encompasses all admin aspects of legally required SMSF trustee and member record keeping including (but not limited to) audit and ATO matters. In keeping with our key point that SuperBenefit does not provide Financial Advice, where issues arise from 1, 2, and/or 3 above Indicate a need for a legally authorized provider (such as a Financial Adviser) and the client does not have their own service provider, the client can utilize SuperBenefit’s ‘Connect Assist’ … SuperBenefit, in itself, does not provide Financial Advice, but it does provide the wherewithal for great SMSF service. WE do not provide Financial Advice or any other service that requires a legally authorized provider. However, where such advice or service is required we have our ‘Connect Assist’, a SuperBenefit resource we use to connect clients to a Licensed Advisor or other legally authorised service provider. Call us 0407 361 596, no obligation FREE Connection call to see how we can help you!
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