Professional Services

Operating your own Self-Managed Superannuation Fund (SMSF) provides you with the ability to choose your investment options and be in control of your retirement. Running your own fund can provide a range of advantages but involves considerable responsibility and commitment.

An SMSF gives you total control of your Super by allowing you to choose where you invest. This control will allow you to consider investing in a wide range of investments, such as Term Deposits, Domestic & International Shares, and Residential & Commercial Property.

 

Preston

Preston’s population is evenly split between married (41.9%) and un-married (42.6%) people[1].  For the married in Preston, a plan to ensure your families’ future as well as your retirement is imperative.  Combining your family’s superannuation into the one SMSF gives greater investment opportunities and can create more cost effective management options for you and your family.

For Preston singles they can run their own SMSF as the sole member and focus on building their own superannuation wealth as they see appropriate subject to some restrictions.  Alternatively, up to four people can join the same SMSF and pool their superannuation monies to provide a strong asset base for investments while still maintaining each individual’s superannuation account balance, as a SMSF can have between one to four members.

An additional benefit of a SMSF is that it can assist in providing the opportunities of strengthening your financial investment knowledge, something often viewed as the territory of the wealthy.

Owning your own home is a strong trend in Preston with 32.0% of the population owning outright their own home and an additional 28.2% paying off their mortgage[2].  How are you progressing with own your own home in Preston by retirement?

Preston is a suburb located about 9 kms to the north of the Melbourne CBD with a postcode 3072.  Preston’s occupations are primarily professionals (26.7%), clerical & administrate workers (14.5%), technicians & trader workers (12.8%), and managers (10.8%), and Preston has an average age of 36-years[3].

Ask yourself:

  • Do you reside in Preston and are looking to take control of your super?
  • How are you progressing with hitting your retirement objective and the lifestyle you want?
  • Is your personal insurance and superannuation appropriately setup to provide the security for you and your family if anything should go wrong and you are unable to continue to work and earn an income?

Self-Managed Super Funds

A Self-Managed Super Fund (SMSF) is used by many Melbournian’s to allow them to take control of their retirement by managing their superannuation to achieve their retirement goals.

A SMSF is a type of superannuation fund not that unlike other superannuation fund types.  The sole focus of the SMSF is to provide retirement income for the benefit of its members.  The trustee of a SMSF are made up of each of the fund’s members (whether directly as Trustee or as directors of a Corporates Trustee), and as trustee they manage and control the superfund’s assets.

The trustee develops the investment strategy, giving them the capability of deciding how to invest the fund’s assets subject to some restrictions.  The trustee can invest the SMSF’s assets in most investment products within some restrictions, including property in the residential or commercial sectors, typical securities like shares, as well as artwork and similar exotic assets.

How to take control of your superannuation

Some key reasons why people choose to have a SMSF:

  • Take control of their super
  • Manage the family’s super in the one fund
  • Cost effective opportunities with a SMSF
  • Flexibility with the broad investment choices
  • Tax planning and taxation efficiency
  • Long-term retirement plan
  • Estate planning opportunities

 

If like over a million other Australian’s you want to take control of your superannuation, then contact SMSF Compass on 1300 554 948 or email enquiries@compassdirection.com.au

New laws governing the provision of SMSF Advice

The Australian Securities & Investment Commission (ASIC) requires by law that from 1 July 2016 that any accountant who wishes to work in the area of Self-Managed Superannuation and provide their clients with any form of strategic advice, must be formally authorised to do so.  The accountant must achieve specific education and licencing qualifications or accreditations and be licensed either directly with ASIC or via a holder of an Australian Financial Services Licence (AFSL)

We are pleased to confirm that SMSF Compass has achieved these licensing requirements with Unison Wealth Management (AFSL No: 28621) and our principal, Anthony Luvisetto, has also attained the required individual licencing educational requirements to continue to provide clients with expert general strategy advice.

As part of these new regulations, commencing 1 July 2016, any strategy advice provided by SMSF Compass will be done via the issue of a formal Statement of Advice (SoA).  These new requirements provide us with the opportunity to deliver a more comprehensive service to our clients who either have an existing Self-Managed Superannuation Fund, or are considering establishing one.

References
[1], [2], [3] Preston Demographics (VIC) Local Stats
URL: http://preston.localstats.com.au/demographics/vic/melbourne/north-east/Preston
Sighted: 19/02/2017

Get in Touch

To discuss your Self-Managed Super Fund requirements please contact SMSF Compass on 1300 554 948
Get in touch using the form below – we’ll be delighted to help!

Get in Touch

To discuss your specific requirements please contact Compass on 1300 554 948, get in touch using the form below – we’ll be delighted to help!