Self managed superannuation is a popular way to help your much-loved amounts grow. The concept is simple: you invest your own money in the fund and manage it yourself. This gives you control over how your money is invested and boosts your chances of making a good return.
Anyone can benefit from self managed superannuation if they have the inclination and the time to make an investment plan and monitor it closely. With control comes freedom. You can choose how and when you spend your money – without having to worry about someone else making decisions for you. You can also go to this website to know more about self-managed superannuation.
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If retirement is more than a decade away, or if life happens and you find yourself out of work for an extended period of time, you can still maintain your investment portfolio and receive your benefits as scheduled. As self managed funds are taxed at individual rates, rather than at company rates, there is usually a reduction in income tax payable when the funds are withdrawn during retirement years
Self-managed superannuation is an extremely popular option for Australians looking to save for retirement. It’s a great way to take control of your money and grow your savings over time. You have the freedom to choose how your money is invested.
This means you can choose stocks, bonds, property or other investments that suit your risk and investment goals. You also have more control over when and how you withdraw funds from your account. Your contributions are tax-deductible. This means you can reduce the amount of tax you pay on your total income each year.