Benefits of an SMSF
What are the advantages of having an SMSF?
Trustees have unique investment options, like buying a business property from related parties and leasing it at market rates to a related party as it continues to build wealth within the fund.
An SMSF may provide cost advantage relative to other superannuation options for larger fund balances.
Timing is critical to investing. SMSF can take advantage of income and taxable capital gains for investments that have moved to the retirement phase, offering partial or full tax-exemption.
Reversionary pensions and transfer of SMSF assets to other members are some of the options in the SMSF.
Control of timing
Being able to defer the purchase or sale of an investment may provide a reduction in taxable income of the fund. SMSFs offer this flexibility, allowing trustees to
The assets of an SMSF are protected from creditors if a member or their business run into trouble.