Self Managed Super Fund
Thinking about Self Managed Super
Consider your options and seek professional advice
There are many professionals who specialise in Self Managed Super Funds. They can provide advice to help you understand:
- What a Self Managed Super Fund is
- The requirements for and the costs of setting up a Self Managed Super Fund and keeping one going
- Your investment options and risks
They can also help you set up and run your fund if this type of fund is right for you.
Financial Advisers
A licensed financial adviser will consider your personal situation and recommend a suitable product for you. By using a financial adviser, you get extra protection if anything goes wrong because you have recourse to an independent complaints scheme. If you have any complaints about the advice you receive, you should complain to the adviser first, and if you're not satisfied with the outcome of that complaint, you may be able to refer the matter to the Financial Ombudsman Service (FOS). The FOS is a free and independent complaints scheme.
Tax Agents and Accountants
Rogerson Kenny Business Accountants Melbourne can help you set up a Self Managed Superannuation Fund and advise you on the establishment, operation, structuring and valuation of an Self Managed Super Fund. However, we cannot advise you about which super fund best suits you or which investments should be in your fund.
Remember, if you decide to set up an Self Managed Super Fund, you will either be a trustee of the fund or a director of the company that is a corporate trustee for the fund. Therefore, you are legally responsible for all the decisions made even if you get
help. A professional can provide advice and assistance but you're ultimately responsible.
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