Self Managed Superfunds: Accountants Parramatta - Parramatta Tax Accountants - Parramatta Accountants

After the family home, superannuation is the second largest asset of many Australians.

More and more people are realising that they can take control of this very important investment through the use of Self Managed Superannuation Funds (SMSF).

Unlike any other super fund, Self Managed Super Funds lets you determine and manage your own superannuation investments.

You can choose to invest your money anywhere, anytime - in direct shares, managed funds, commercial property, residential property, bonds, futures, works of art and so on.

But there are many more benefits of having your own Self Managed Super Fund, these include:

You can transfer commercial property into your Self managed Super Fund without paying stamp duty
SMSFs provide significant tax advantages that are simply unavailable in all other super funds
SMSF can borrow money to buy residential property and once you turn 60 years of age you can convert your Self Managed Super Fund into an allocated pension an then when you sell the property it wil be capital gains are tax-free
You can combine your super with up to 3 other family members to increase your investment potential and reduce costs
Self Managed Super Funds can be very cost effective, saving you thousands of dollars in ongoing fees year in, year out
Maximum tax payable on contributions & earnings in a SMSF is 15% (providing the fund complies with regulations).
Imputation credits on dividends received can reduce the overall tax to be paid, excess credits are refundable.
SMSF can invest up to 100% in business real property (family business premises owned by members)supported by impartial and in-depth advice.
Earnings in the pension phase (eg. allocated pension) are not taxable
On retirement, assets can be rolled over into the pension phase & any capital gains on these assets will have 0% tax.
Assets held in a Self Managed Super Fund are protected from creditors and potential lawsuits
You can buy life insurance and income protection for all members, through any insurance company. And it's 100% tax deductible

And MORE...

At Parramatta Tax Accountants - Self Managed Superfunds we want to help you achieve your financial goals and help you to create enough wealth so that you can retire comfortably.

We believe that for the right client a SMSF can assist you in achieving your goals.