Financial experts recommend that you start to plan and invest for your retirement as early as possible. Saving and investing is a good financial habit that you can pick up as soon as you start earning comfortable income. That would ensure that you have a sizable nest-egg after you retire and can maintain your lifestyle even when you’re not working. At Silver & Young Chartered Accountants, we believe that you should start investing in your thirties and keep at IT for as long as you can manage. One of the best places to invest is self managed superannuation funds in Moorebank.
About Self Managed Superannuation Funds
Aside from residential and commercial property, the SMSF is often the biggest investments most Australians make. It is an excellent choice and will help you be financially secure in the future. It is one of the most secure investments you can make and offers great results as well. You will have considerable control over your funds as well. You would be able to decide where you can invest your money. You can also change your investments if they don’t perform well. That ensures that you get the best possible returns for your money.
One of the biggest advantages of self managed superannuation funds in Moorebank is that you can pool your family’s money in it and get greater returns. For example, if you and your spouse wish you invest in the fund together, you can do so. The fund has room for up to four trusties.
Unfortunately, the process of setting up and maintaining this fund is very complex. Most financial experts recommend that you hire a professional to help you on the matter. You can always give us a call if you want to establish a SMSF. Our experts have current knowledge of all the rules and regulations and know the processes like the back of their hand. Here’s what’s involved in the set-up.
- You would need to decide the fund members and trusties of your self managed superannuation funds in Moorebank.
- You have to establish a trust and trust deed. You will then need to register it.
- The next step is to open a bank account in connected to the trust. That account can only be used for the fund.
- After everything is set, you would have to register the fund with the Australian Taxation Office.
We will help you establish the fund and maintain it. We will prepare and lodge tax returns with the ATO, create financial reports, and monitor the performance of the investments. If you have any question about accountancy, investments, and self managed superannuation funds in Moorebank, don’t hesitate to contact us at Silver & Young Chartered Accountants. You can get in touch with us by giving us a call on 02 9600 7760 or send us an email at email@example.com. You can also fill in this online enquiry form and we’ll reply as soon as possible.