First Samuel Limited

What is a self managed superannuation fund ("SMSF")?

An SMSF is your own super fund. This allows individuals to take control of and run their own superannuation.  

The government allows individuals to have their own SMSF, and in exchange imposes rules on how they are to operate.  

It is critical to ensure that these rules are followed, otherwise considerable penalties apply.  

SMSFs are governed by the Australian Tax Office (ATO). You should read the ATOs guidance of SMSFs, to see if managing your own super is right for you - please visit:

http://www.ato.gov.au/content/downloads/spr00182491n72579.pdf  

SMSF's are now the largest and fastest growing segment of the super industry.  

What are the benefits of having a SMSF?  

SMSFs provide you with the opportunity to:  

• Reduce income tax on investment income and capital gains
• Choose your own investments
• Consider the risk profile of all of your assets
• Transfer personally owned shares and other securities into superannuation
• Invest in residential investment property using your super
• Own your own business real property (but not operating) assets using your super
• Reduce the costs of moving from accumulation to pension phase  

About 80% of First Samuel clients have their own SMSFs.  

Where to start?  

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