Self Managed Super Funds: Tailored Solutions for Your Retirement

Self Managed Super Funds

Self-Managed Super Funds (SMSFs) are a fast-growing trend in Australia, with industry assets set to reach over $900 billion by 2023-24. While they are popular, they can also be complicated to set up and run, so it’s important to have the right planning in place to make sure all legal and strategic requirements are consistently met.

Self-Managed Super Funds in Perth

There are many reasons to set up a Self-Managed Super Fund and the flexibility and personal control they provide is very appealing, however with great power comes great responsibility. With an SMSF, you gain control over your retirement savings, allowing for personalised investment decisions tailored to your financial goals and risk tolerance.This control extends to accessing a wide range of investment opportunities, including real property, art, collectibles, and physical gold, often unavailable through public super funds.In addition to financial benefits, SMSFs offer greater flexibility in estate planning, allowing tailored distribution of assets according to trust deeds aligned with super law.

At LIFE Financial Planners in Perth, our SMSF financial planner, Marijana Ravlich, is an SPAA Accredited SMSF Specialist Adviser, skilled and experienced in setting up SMSFs from start to finish. We can help you determine if an SMSF is right for you. We guide you through the entire process, with experience and expertise to ensure your SMSF is set up correctly and starts working hard for you from the beginning.

Speak to a planner today in our West Perth office by calling 08 9322 1882. Let’s start the conversation about your self-managed super fund with confidence and clarity.

Get a quick quote

Ready to take the next step? Fill out the form below, and we’ll get back to you with a personalised quote tailored to your financial needs. It’s quick, easy, and obligation-free.

Testimonials

Have been using Life Financial for 3 years now and Marijana has repeated provided us with the best possible strategies for our changing situations. We believe that the LFP team consider our financial security just as important as their other clients. Marijana, Mei and Donna have been very kind, easy to talk to and responsive to my calls and emails. We definitely recommend LFP without hesitation.

We have been seeing LFP for about 10 years now! We are so appreciative of their service and reminders to look after our financial future. It is a relief to leave our superannuation investments and insurances in their very capable hands. Would recommend them to anyone who does not already have a financial advisor.

We have been clients of Marijana and team for a few years now and they have been nothing but professional, caring and informative. Marijana is always happy to answer all of our questions and kept the process worry-free for us. We always look forward to seeing the team every year for our review. Thank you for everything you do for us 😊

We always receive Marijana and Mei’s full care and attention when needed, and cannot recommend them highly enough!

We are so incredibly grateful for the personal but very professional advice given by Marijana and Mei. After a lifetime of medical bills, transition to retirement was looking grim, but after meeting with the team at Life Financial Planners a few years ago, they really listened to our personal circumstances and we now have a clear, positive path.

We have been clients of Marijana and the team since 2006. During this time I have retired from working - a daunting time for most of us. The transition to retirement was quite smooth, thanks to the very professional advice we received. We have no hesitation in recommending Life Financial Planners to anyone seeking assistance with their financial planning needs.

Frequently Asked Questions

1. What is an SMSF, and how does it differ from other superannuation funds?

An SMSF (Self-Managed Superannuation Fund) is a private superannuation fund that you manage yourself. As opposed to other superannuation funds where a professional fund manager would be in control.

2. Am I eligible to set up and manage an SMSF?

There are several criteria that determine whether you are eligible to set up and manage your own Self-Managed Superannuation Fund (SMSF). If you’d like to know more about your specific circumstances and whether an SMSF is suitable for you, our financial planners are here to help. Contact us today to speak with a planner.

3. What are the benefits of having an SMSF?

Having an SMSF can be beneficial for some, but it’s not necessarily the right choice for everyone. Here are some key points to consider:

Control and Flexibility: Direct control over investment decisions and the ability to tailor the fund’s investments to suit your specific goals.
Wide Range of Investment Options: Ability to invest in assets not typically available in public super funds, such as direct property and collectibles.
Cost Efficiency for Larger Balances: Potential for lower management fees compared to retail and industry funds, especially for larger fund balances.
Estate Planning: Greater flexibility in managing and distributing superannuation benefits upon death.
Tax Management: Opportunities to manage tax obligations through strategic investment and distribution planning.
Pooling Family Resources: Ability to include up to six members, allowing family members to pool resources for potentially better investment outcomes.

We advise you to speak to one of our planners to determine if setting up an SMSF is appropriate for your specific situation.