Improved Investment Choice with a SMSF

A self managed superannuation fund (SMSF) gives the investor flexibility, control, and investment choice over the management of their superannuation benefits.

SMSFs are a tax efficient investment option for achieving long-term compound growth from surplus cash flow with the added benefit of increased control over investment options.

Multiple professionals (accountants, solicitors, auditors and investment advisers) are required to establish and maintain an SMSF.

self managed superannuation funds explained

If you are one of the growing group of Australians who are dissatisfied with the performance of your retail or industry superannuation, you may be thinking about an alternative option. A self-managed superannuation fund (SMSF) gives the investor flexibility, control and investment choice (property or other) over the management of their superannuation benefits. However, it requires skills and knowledge regarding investment choices, and considerable time to monitor the fund performance and execute the many administration tasks required to keep the fund compliant.

A SMSF gives greater control but requires additional responsibilities

Here at Nexus Private Brisbane, we have highly skilled and experienced wealth managers to offer advice on SMSFs and help you develop strategies for wealth creation through property investment and other alternative options not available through an industry or retail super fund. When you establish a SMSF, you become the trustee of that fund. This means that you must manage your fund according to the trust deed and the laws and rules surrounding the operation of SMSFs. As most people don’t have thorough knowledge of what this actually involves, we can assist you to manage this responsibility.

Self-Managed Super Funds Explained

Stephen Vick (Director of Nexus) discusses the establishment requirements for SMSFs, the common misconceptions surrounding these funds, and what to be aware of if you are considering establishing your own SMSF.

For specific information on purchasing property using your superannuation funds, we have prepared a comprehensive video that will answer all your questions, see How to buy property in Super.

A holistic approach gives clients added confidence

We have a network of professionals such as accountants, solicitors and auditors, and investment advisers to ensure the compliant implementation and on-going management of the fund.

Every sound investment strategy starts first with the goals and objectives of the client and superannuation is no different. Since self-managed super funds are established with the sole purpose of providing retirement benefits to fund members, it is essential that retirement objectives are the focal point when the client first meets with our expert team of advisers.

People’s goals are different, so their investment strategies will also be different, whether it’s via SMSF property investment, equities, bonds, debentures, term deposits, or via other asset classes. Since no two superannuation plans are identical, getting the right advice at the establishment of your fund is vital.

Providing advice on Brisbane SMSF property investment

Property investments are a popular wealth building strategy for many Brisbane residents. This strategy can only be successful when clients are equipped with the right support and information. Property investing is a difficult path to navigate and there are strict rules and regulations when choosing to use self-managed super funds to invest in these particular assets. Our team can advise you on the right actions to take to result in a legal and successful wealth building strategy.

While property investment can produce a solid return on investment, there are many other options out there to maximise the return of your SMSF. Buying a property in super is one such option available which can prove greatly beneficial.

We are an independently owned financial advisory group in Brisbane

We are an independently owned financial advisor based in Brisbane, and we take a structured approach to the assistance we provide to our clients, and often the best way to do that is to ask some pertinent questions – often we identify areas that have not been thought about previously, but are important to your fund’s success. This is the value in seeking advice from Nexus Private before attempting to set up your own SMSF.

We ensure our clients are clear about the amount of superannuation they need to fund retirement and how superannuation can assist them to save tax. We ask them to consider what type of investments they want to put their superannuation into and why they believe that a SMSF is the best option for them, rather than a retail or public fund. With the answers to these questions clearly articulated, we start designing a superannuation plan that is unique to each particular client.

Keeping the fund compliant is a major responsibility

An overriding principle of the management of SMSF investments (including SMSF Property Investments) is that they must be made for the benefit of the fund members only. Personal investments and business interests must be kept completely separate from the fund, even when you are a fund member. This must be a completely transparent process to ensure that the fund remains compliant.

One of the major benefits of holding long-term investments in a SMSF are the tax concessions that are currently available. However, the trustee is responsible for ensuring that the fund is compliant.

This involves having the fund audited annually, keeping proper records and reporting to the tax office on the fund’s operation. Here at Nexus Private we have all the resources available to advise and assist you as the fund member and trustee to manage all of these competing priorities. Before you do anything further about your SMSF, whether using your super to buy property or for another financial goal, contact Nexus Private for a free consultation.

Contact us today

If you would like to find out more about how using a super to buy property in Brisbane can benefit you, contact us today. Our experts are extremely knowledgeable about the complicated processes behind buying a property in super and will be able to guide you through the process.

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