SMSF Basics – Cons of Self-Managed Super

Cons of Self-Managed Super

SMSF Roadmap introductory Seminars in Melbourne CBD or suburbs to assist you with your Self-Managed Super

Having a Self-Managed Super Fund (SMSF) does not mean all is smooth and easy. Before you set one up, consider there are Cons of SMSF:

  • Responsibility is on you as trustee – Penalties can be up to: 46.5% tax, and other fines;
  • Administration involved is quite substantial;
  • Your suitability to manage investments needs to be considered;
  • Complaints – there is no access to Super Complaints Tribunal;
  • Commitment and work involved is more than it appears;
  • Hard if you do not seek assistance with investment knowledge and compliance responsibilities.

Consider having the set-up, administration and compliance handled for you, so you can focus some time learning to invest the money and become an astute and competent investor. Wouldn’t it be great if a team came together and handled these areas of expertise, with FREE set-up, as well as all administration, and then you could assess independent professionals at any time and go to investment strategy and education workshops at an all-inclusive, competitive fee (100% tax deductible)? Well you can, attend one of our SMSF Roadmap introductory seminars in Melbourne CBD or suburbs (see Seminars), email us, or call Paul directly Aust 0407 361 596.


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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