Zara Williams
The responsibility of running an SMSF sits firmly on the shoulders of the trustees of the fund. The experience for trustees is very similar to that of owning a car. For some trustees their experience can be similar to a person who buys a car, has it fully maintained, and also has a chauffer who takes them where they want to go. These trustees have not much to do with the running of the fund and pay professionals to do it for them.
Superannuation is a government-regulated retirement fund in Australia, and is similar to a 401k. In the U.S., the term "superannuation" is also sometimes used to refer to a pension plan set up by a company for its employees.
When you're fresh out of college, planning for your financial future may mean brown-bagging your lunch so you can afford to go out to dinner with your friends. But after a few years of living paycheck-to-paycheck, you might be pleasantly surprised to see that your checking account balance is actually growing month by month.
Do it yourself super Some people want the hands-on control that comes with a self-managed super fund (SMSF). Of course, with added control comes added responsibility and workload. SMSFs can be suitable for people with a lot of super and extensive skills in financial and legal matters.
How to Set Up a Self Managed Super Fund. How to set up a Self-Managed Superannuation Fund (SMSF) Self-managed super funds (SMSFs) can be a great way to provide for your retirement. If you decided to establish your own fund, it is important...
Superannuation is an investment strategy that is utilized to create a stream of income for the retirement years. The term itself is associated with retirement plans in a number of nations, including Australia, New Zealand and several member countries in the European Union.
Unless we have significant legislative reform to the superannuation rules on temporary incapacity benefits, it will become increasingly rare for disability...
Superannuation is a term used in reference to your pension or retirement fund, and it is the key to living without money fears once you reach your retirement age. While some countries such as Australia have a mandatory superannuation account in which each worker must deposit nine percent of his paycheck, in the United States it is typically up to...
A place for Australian SMSF Trustees, Professionals and anyone interested in superannuation, investing and retirement.
