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Financial Balance Group

Is an SMSF right for you

Self-managed superannuation funds (or SMSFs) are a way of saving for your retirement. The difference between an SMSF and other types of superannuation funds is that the members of an SMSF are usually the trustees. This means that the members of the SMSF run it for their own benefit and are responsible for complying with Australian superannuation and taxation laws.

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SMSFs are widely recognised as offering greater control and flexibility over investment choice. Although traditional industry and retail funds offer a wide range of investment options, the ability to invest in direct property (residential and commercial) as well as collectibles, such as; antiques, artwork and jewellery, are features unique to SMSFs. For small business owners, the ability to purchase a commercial property through an SMSF can be particularly appealing.