Set out below are all SuperGuide articles that relate to SMSFs for beginners.
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Tracey Spicer talks to Deborah Kent from Integra Financial Services about the pros and cons of SMSFs, and how ethical investing is becoming more popular.
The number of SMSFs in Australia has continued to rise in recent years, along with average individual member and overall fund balances. The majority of SMSFs have been operating for more than ten years and have corporate trustees, with this structure becoming very popular since 2015.
SMSFs are now firmly embedded in Australia’s superannuation system, so what type of people are attracted to running their own funds?
The amount of money you should have in super to make it worthwhile setting up your own self-managed super fund (SMSF) is a contentious issue.
Many people are in the dark about how much it costs to set up and run their own SMSF, or whether they are paying a fair price for SMSF advice and services. And it’s easy to see why.
It may seem like everyone who’s anyone has a self-managed super fund (SMSF), if some financial advisers and property spruikers are to be believed. Yet the reality is that just 4% of Australians have one.
An SMSF is a private super fund you manage yourself, giving you more control over how your retirement savings are invested. We look at how they work and some of the benefits and drawbacks of going it alone.
Take the following 10 question quiz to test your knowledge on the fundamentals of self-managed super funds (SMSFs).
Depending on who you believe, self-managed superannuation funds range from being the greatest invention of the modern age or the most likely cause of the next financial crisis.