The major reason why thousands of Australians are setting up a Self-Managed Super Fund to hold their retirement savings is have more control over their investing options. “Get the right structure for my SMSF”, says SMSF Lawyer, Shane Ellis, in the first place for peace of mind.
There is close to 600,000 self-managed super funds (SMSFs) now operating in Australia with an average account balances of over $500,000. It is now critical to get your Tax Structures right than ever before. Shane Ellis is a much sought after Lawyer that specializes in getting the right structure for my SMSF and having the right Estate Planning in place to deal with these structures.
Shane is Senior Partner in SMSF Law, an author, and sought after speaker. Self Managed Superannuation Funds are not do it yourself (DIY). You need to have the correct tax structure in place to hold your Retirement Savings.
Shane encourages us to be proactive by educating ourselves. Use qualified advisors where necessary so that when we get it, we keep it and can pass it on! We need to hold our retirement savings in the right Structure for SMSF for now and the future.
How to have a SMSF success story:
- Have a corporate trustee to save trouble and expense later on
- Taking an interest and the time to educate yourself
- Know the questions to ask your advisors to stay on top
- Take advantage of workshops on SMSF
- Get advice from licensed professionals will keep you in touch with the latest tax regulations
Keep up to date follow the SMSF Law Blog
Have you listened to the last episode of Retire Well Retire Happy Podcast?
Episode #10: Self-Made Millionaire On Why Self Education Will Make You A Fortune
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