SMSF Basics – Some Pros of Self-Managed Super (SMSF)

Pros of Self-Managed Super ( SMSF )

Pros of SMSF

Self-Managed super has several Pros, the reasons many are setting them up.

–    Control over investments

–    Flexibility of investment timing

–    Choice of investment spread

–    Protection from bankruptcy and other legal claims (most cases)

–    Low-tax saving environment

      eg. Dividend $100 Franked you receive (ie Company Tax of 30% paid)
      this means $142 less 30% Co. the tax paid is ($42)  leaves $100 to you (rounded)
      so at tax time means (rounded):
Life Stage                             Outside SMSF (your MTRate)           Inside SMSF (15% tax)
Work, MTR 30%                    Pay no extra tax > $nil extra              Credit 15% > $21 back
Work, MTR 45%                    Pay 15% tax > $21 pay                       Credit 15% > $21 back
Pension 0% (over 60)          May affect aged pension ?%                Cr 30% $42 back, Tax 0%

About SuperBenefitnews

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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