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Self-Managed Super Fund (SMSF)
- Priyanka Dey
Outline
 Introduction (Superannuation)
 What is a Self-Managed Super Fund (SMSF)?
 Pros and Cons of SMSF
 Financial Advice
 Conclusion
 Q & A
Introduction
 Superannuation (SAVING FOR RETIREMENT)
 Super Funds
1. Corporate Funds - Large corporates operate under a Board of Trustees
2. Industry Funds - Mostly cater to single industry
3. Public Sector Funds - Federal or State government employees
4. Retail Funds - Run by Banks and other Financial Institutions
5. Self-Managed Super Fund (SMSF) - SELF
Self-Managed Super Fund
 DIY (Do-It-Yourself) Investment
 Regulated by Australian Taxation Office (ATO)
 Maximum 6 members (trustees)
 No minimum investment amount
 According to ATO website:
- Total number of SMSFs is 597, 900 (as on June, 2021)
- Total members of SMSFs is 1,114, 529 (as on June,
2021)
Pros and Cons of SMSF
Pros
 Financial Control
 Freedom
 Borrow Money (Limited
conditions)
 Tax Benefits (deductible
under s25-5, ITAA 1997
 Cost effective
Cons
 Time-consuming
 Investment Knowledge
 Subject to compliances
 Reduced Access to dispute resolution
bodies
 Not eligible for government schemes
Financial Advice
 Investment Research
 Avoid legal or financial pitfalls
 SMSF accounting
 Easy administration
 Use of softwares or tools
Conclusion
SMSFs are a great investment option but seeking
financial advice before doing so is very important to
avoid legal and financial pitfalls.
Thank you for your time, any questions?

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Self managed super fund (SMSF)

  • 1. Self-Managed Super Fund (SMSF) - Priyanka Dey
  • 2. Outline Introduction (Superannuation) What is a Self-Managed Super Fund (SMSF)? Pros and Cons of SMSF Financial Advice Conclusion Q & A
  • 3. Introduction Superannuation (SAVING FOR RETIREMENT) Super Funds 1. Corporate Funds - Large corporates operate under a Board of Trustees 2. Industry Funds - Mostly cater to single industry 3. Public Sector Funds - Federal or State government employees 4. Retail Funds - Run by Banks and other Financial Institutions 5. Self-Managed Super Fund (SMSF) - SELF
  • 4. Self-Managed Super Fund DIY (Do-It-Yourself) Investment Regulated by Australian Taxation Office (ATO) Maximum 6 members (trustees) No minimum investment amount According to ATO website: - Total number of SMSFs is 597, 900 (as on June, 2021) - Total members of SMSFs is 1,114, 529 (as on June, 2021)
  • 5. Pros and Cons of SMSF Pros Financial Control Freedom Borrow Money (Limited conditions) Tax Benefits (deductible under s25-5, ITAA 1997 Cost effective Cons Time-consuming Investment Knowledge Subject to compliances Reduced Access to dispute resolution bodies Not eligible for government schemes
  • 6. Financial Advice Investment Research Avoid legal or financial pitfalls SMSF accounting Easy administration Use of softwares or tools
  • 7. Conclusion SMSFs are a great investment option but seeking financial advice before doing so is very important to avoid legal and financial pitfalls.
  • 8. Thank you for your time, any questions?