Self Managed Super Funds possess compelling tax advantages over other traditional structures. With a 15% tax rate on income (during accumulation phase) and a mere 10% (maximum) tax on capital gains, Self Managed Super Funds are definitely an idea worth looking into.
In addition to taxation benefits, SMSF also exhibit a plethora of other benefits, these include:
- The capability to incorporate all family members into the one super fund
- Total control (if desired) regarding investments, estate planning and tax strategization
- Greater investment choices compared with traditional superannuation funds
- The ability to pay an income stream directly from the SMSF
Whether you have an existing SMSF or just entertaining the thought of creating one, the team at Accountancy Matters is here to help and advise you through every step of the way.