Tax overview for your own super fund
Finances, be it yours or somebody else’ always need to be managed quite diligently.
However, SMSF or
self managed super funds are a huge hit with people in the retirement stage.
Having SMSF fund means
that this fund is...
More
Tax overview for your own super fund
Finances, be it yours or somebody else’ always need to be managed quite diligently.
However, SMSF or
self managed super funds are a huge hit with people in the retirement stage.
Having SMSF fund means
that this fund is managed by a trustee and others are the members of it.
You can have your own
legislations or rules regarding investments in your own super fund.
Due to this very reason, these funds
are also known as Do it yourself superannuation or DIY super.
In such a scenario, it is imperative to know
the taxation rules and regulation prevalent in the area to avoid future troubles.
Who can have a super fund?
There are absolutely no problems or obstacles in establishing your own super fund as long as you are
following financial transparency in dealings and abiding by the laws of the state.
A person who is the
trustee will have full control over the money as well as be responsible for all the financial investments, its
reporting and other deci
Less