Is SMSF right for you?
Before you establish a SMSF you need to understand what you are taking on, you need to be sure that you are suited to running your own fund!
Read the ATO articles below to understand and accept your responsibilities:
KEY BENEFITS OF A SMSF
wider choice compared to commercial funds and allows for a quicker response to market changes
through either strategic investment planning or internal structuring, tax can be significantly reduced
significantly lower than commercial funds
a lot of flexibility
- Investment control
- Tax Control
- Pension Planning
- Asset protection
benefits are protected in the event of litigation and bankruptcy
“I conduct business with BTS Solutions to assist primarily with providing accounting, taxation and general management support to my SMSF.
BTS Solutions have been able to quickly rectify previous irregularities with my SMSF as a result of poor quality support provided by others in the past. Additional BTS Solutions have been very proactive in bringing to my attention changes in the regulatory and general SMSF requirements and providing advice on how best to ensure the value of that fund is preserved for me and my family.”
Mr. Simon Williams
Senior Manager, Mine Engineering,
Mineral Resource Development