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Post by Wayne Shultz on Mar 4, 2024 16:02:27 GMT
A Self-Managed Super Fund (SMSF) is a private superannuation fund that provides individuals with greater control and flexibility over their retirement savings in Australia. Unlike traditional super funds, SMSFs are managed by the members themselves, who also act as trustees responsible for the fund's compliance with relevant regulations. SMSFs can invest in a variety of assets, including property, shares, and managed funds, giving members the ability to tailor their investment strategy to align with their financial goals. While SMSFs offer autonomy and potential tax advantages, they come with responsibilities and obligations, such as compliance with regulatory requirements, making informed investment decisions, and ensuring proper record-keeping. It's crucial for individuals considering an SMSF to have a solid understanding of financial and legal aspects or seek professional advice to manage their retirement savings effectively. SMSF Brisbane
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