Superannuation, or pension plan, is a way to save for retirement.
There is no simple fund that suits everyone so it is important to develop a strategy that suits your unique situation and requirements, one that is going to help you achieve your retirement goals. Superannuation money can come from a number of sources - employer super guarantee contributions, salary sacrifice or voluntary contributions. SMSF stands for Self-Managed Super Fund and is one option which may help you take control of your retirement funds. MBC Wealth have specialised in SMSF, set up and strategy for more than 30 years. We can help you ascertain whether a SMSF is right for you.
What is an SMSF?
An SMSF involves being in charge of your own super and making your own investment decisions. 1-4 members and each member is also a trustee
Benefits of an SMSF
Increased investment flexibility Full fund self management and control Greater security knowing where your money is Ability to pool your funds with family members
Managing a fund can take a lot of time, effort and hard work Strict legal duties and responsibilities Establishing and maintaining your own investment strategy