If you’re looking at alternative strategies to save for retirement, chances are you’ve looked into self-managing your super. However, many people aren’t aware of the requirements to setup and run a SMSF. Save yourself the headache and find out if you’re eligible for a Self-Managed Super Fund using our free online tool below.
The Difference With SMSF
A SMSF (Self-Managed Super Fund) in its simplest form, is an alternative strategy for saving toward retirement. They allow up to 6 members to pool their super balances into a private super fund that is then self-managed. This does come with a greater level of responsibility for fund members, however, also offers a greater level of flexibility.
SMSFs allow fund members to directly invest in things like residential or commercial property, shares, precious metals, collectibles, and other alternative investments. Furthermore, they give fund members a greater level over when assets are bought or sold.
Why Setup A SMSF?
Whether you’re looking for greater control over where your balance is invested, the ability to purchase specific assets or you believe you can outperform traditional retail funds, people setup SMSF’s for a variety of reasons. At the end of the day, we’re all trying to reach our own unique financial goals, and want ways to achieve them.
If you’re interested in exploring the possibility of a Self-Managed Super Fund, our online calculator is a great first step in working out if you qualify.
About Money Plow
Helping Australians Grow Their Wealth.
Money Plow is committed to supporting our clients achieve their financial goals. Often these goals take a while to achieve, but they start with what we do today. While it may not seem like much now, small changes really do make a difference over the long term.
Whether it’s growing your investment portfolio, superannuation, or cash flow, we’ve got strategies to suit a range of clients. With educational resources and guidance from specialists, we’re committed to serving our clients at any stage in their journey.
Our Strategies
At Money Plow, we’re committed to giving our clients the best level of service we can. Everyone has their own dreams and goals for their financial future. Our goal is to help you achieve your goals in a way that works for you. We typically start this journey with a simple 4-step process.
Before we begin, it's important to understand where you are, and what your goals are. This short survey is designed to give us a basic overview of both.
Once your questionnaire is complete, a member of our team will overview it to work out if we can help you and that we're a good fit.
We'll get in touch with you to go over your information, and present some potential strategies moving forward.
Once you've got an idea of the path you're looking to take, we'll introduce you to a suitable specialist from our trusted network.
Information provided by Money Plow Limited (UK Company Number 14550385) is for educational purposes and is general information only. It should not be taken as constituting financial advice. Money Plow Limited is an education company and we always recommend that you do your own research and seek relevant independent legal, financial, taxation or other advice. Money Plow Limited is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly.
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