Unknown Secret as Why You Should Have a SMSF
Little known reason why SMSF work
Many of you may be aware in the world of Superannuation that the uptake of Self Managed Super Funds (SMSFs) continues to grow in the number of funds across Australia.
Self-managed super funds stack high in terms of value in the total of Superannuation funds held in total in Australia. What most Australians have are not self-managed super funds but industry Super funds.
But in my experience with my clients, most people with normal super funds barely know what amount they even have in super and are very passively involved in how it is invested.
But when clients are owners of self-managed super funds they are…
Managing it themselves and therefore being involved, active and more aware of it.
Enthusiasm comes alive, in its active management. A bit like the kid shaking his money box and counting it.
They tend to contribute to super more and are aware that it is a great place to accumulate wealth and it has tax effectiveness.
The passion becomes alive.
The desire to create wealth is stronger than the normal super fund. Why? because you are running it. Rather than just getting an annual statement if they have the right address.
In my experience the active management of people self managed super funds is a key to creating a bigger super balance and hence creating wealth.
It is with compounding interest and regular contributions to retire with a wonderful nest egg in a low-tax environment to boot.
If you are looking to start a self-managed super funds speak to us and we can refer you to the right advice or if you are looking for more from your self-managed super funds accountant we would love to meet you too.
