A SMSF provides you with full control over your assets within a fund. You choose when you buy the assets and when you sell the assets (usually in conjunction with an adviser or accountant). If you have above a certain amount to invest, and have the means to maximise contributions into the fund, then a SMSF could be good for you and your family.
Ongoing compliance of a fund is a cost that must be considered and also the responsibility of becoming a Trustee of your own Superannuation savings
LS has access to providers that can assist Trustees with the responsibilities of running a fully compliant SMSF. We have many years’ experience of assisting clients with SMSFs over the medium to long term and implementing strategies within the fund to achieve desired outcomes.