Results for tag: "Self Managed Super Fund"

A Self Managed Super Fund (SMSF) is a type of pension fund that is managed by the individual or a small group of individuals. It is a way for individuals to take control of their retirement savings and investments, and to make decisions about how their money is invested. SMSFs are regulated by the Australian Taxation Office (ATO) and must comply with the Superannuation Industry (Supervision) Act 1993. SMSFs are becoming increasingly popular as they offer greater flexibility and control over retirement savings. They allow individuals to choose their own investments, such as shares, property, and managed funds, and to manage their own tax and compliance obligations. They also provide the potential for greater returns than other types of pension funds. SMSFs are not suitable for everyone, as they require a certain level of knowledge and understanding of the investment markets. They also require a significant amount of time and effort to manage. Some of the companies in the SMSF market include SuperConcepts, SuperGuardian, SuperIQ, SuperMate, and SuperChoice. Show Less Read more