|
 Advantages
The attractiveness of establishing a self-managed superannuation fund is in the combination of choice, control and transparency.
Advantages include:
- the feeling the monies are safer being invested by themselves as trutees
- maximum of 15 percent rate of tax on taxable income if the fund is a complying fund
- concessional treatment on capital gains for assets held longer than 12 months
- activity participate in the management of the fund
- complete knowledge and control of the investment decisions and asset mix either directly or via a professional adviser or fund manager
- greater investment freedom
- flexibility to change investments
- being in control of your retirement funds
There are also disadvantages, which includes:
- 47 percent rate of tax if the fund becomes a non-complying fund (breach of superannuation statute or regulations)
- should have a certain level of funds for it to be cost effective and an opportunity to diversify
|
|
