1 February 2019
Many business owners consider starting a self-managed superannuation fund (SMSF), but it's important to know what's involved before making any decisions.
In an SMSF, you become the legal trustee or director (depending on the structure), so it's important to have a solid understanding of investment markets along with tax and super law. You also need to make sure you are able to dedicate time and money into working on your SMSF.
SMSFs are a great vehicle for retirement, but they're not for everyone.
To help you decide if an SMSF is right for you, Small Biz Matters recently released a podcast which covers topics such as:
Our web content and online education courses can also provide assistance if you're serious about making the switch.
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