SMSF ADVICE

If you have a superannuation fund that’s self-managed, that’s a good thing.

It is one of the many options available for building a comfortable retirement income and making sure you have financial independence in the future. However, if it’s self-managed, you are challenging yourself.

Not everyone knows the ins and outs of an SMSF, nor do they always understand how to make the most of the assets and minimize liabilities. Some people might think that the best person to seek advice from would be an accountant, but this is a mistake. In reality, you need a financial planner.

Australian financial advisers can give advice related to specific assets or strategies involved with an SMSF. This includes whether or not the trustee should acquire or dispose of certain financial products.

Accountants are not allowed to recommend disposing of interests in another type of superannuation fund. Only a financial adviser can legally make such recommendations, along with the explanations for those choices.

Our independent financial advisors in Perth can make recommendations about investment strategies. An approach that works today may not work tomorrow, depending on the conditions of the market.

If that is the case, an adviser can help you find a new strategy or contribution level that suits your situation.

Whether you want to start your SMSF or join an existing one, we can provide the necessary advice about how these are established, how they operate, the structuring of these funds, and the valuation.

An SMSF can be a challenge to handle, and one that should not be undertaken alone. It should be done with professional help. Contact The Financial Advisors Perth today.