Mitchell Wilson

Super and self-managed super

Whether you’re starting a new venture, at the helm of a well-established business or thinking about the transition to retirement, maximising your super is one of the best ways to ensure you have a comfortable lifestyle in the future.  

With tax on concessional or pre-tax contributions generally charged at 15 per cent, Superannuation remains a the most tax-effective investment strategy for most, so talk to us about how to increase your contributions.

Self-managed Super Funds

If you’re looking for greater control over your nest egg, a self-managed super fund (SMSF) may be right for you. 

The biggest difference between an SMSF and a retail or industry fund is that as a member of your fund you act as a trustee. This means you are responsible for managing the fund and ensuring it is administered accordingly.  It’s important to understand the (often time-consuming) obligations associated with managing an SMSF and ask yourself if you have the time and skills to meet them on an ongoing basis.

Whilst SMSFs can be complex, they offer a range of benefits for its members, including:

  • greater control over your total investment portfolio with the ability to take account of the risk profile of all your assets, including those held outside of superannuation
  • the opportunity to reduce income tax on investment income and capital gains
  • greater flexibility of investment choices and asset selection
  • allow the pooling of resources of others with similar financial objectives (i.e. family members)
  • maximum flexibility of pension income streams such as Account Based Pensions
  • the ability to transfer personally owned shares and other securities directly into superannuation

For more information about whether self-managed super is right for you contact us today.

Just one more step

Please give us your email address so we can send your download link

×
Mitchell Wilson
Xero Bronze Partner

© Copyright 2015. All Rights Reserved.

Privacy & Terms | Careers at Mitchell Wilson | Contact