Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,194,191 members, 7,953,689 topics. Date: Thursday, 19 September 2024 at 11:22 PM

What Are The Advantages Of SMSF For A Trustee? - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / What Are The Advantages Of SMSF For A Trustee? (617 Views)

Trustee Raises Alarm Over $50bn Mobolaji Bank Anthony Property / Be Planned About Future Investment Before Retirement By Service Of SMSF Setup / Enjoy Your Retirement By Opting For Financial Plan Of SMSF (2) (3) (4)

(1) (Reply)

What Are The Advantages Of SMSF For A Trustee? by smsfsetup: 9:56am On Feb 26, 2020
As a trustee of a self-managed super fund (SMSF), you can avail many benefits of this financial scheme. It is mainly popular as it makes your future safe and gives you control over your investments. The trustees can have greater visibility over their retirement savings which gives them a deeper understanding of their wealth and they can make their financial plan accordingly.

When you run this fund, you have to abide by certain rules and regulations that are investigated by the SMSF audit. It helps you to remain compliant with the rules of the government. You should get audited at least once a year by a licensed auditor. The successful auditing means that you are legally investing in the fund and continue to do so for making your future safe.

One of the key advantages of a self-managed super fund is that it gives control of your investment with access to wider choices. You can invest money on collectibles, residential and commercial property, direct shares, and term deposits. You can also get derivatives to offer protection against the risk to your portfolio.

It allows the borrowing to invest in a property. Therefore, you can land a property that is otherwise out of your reach. But one thing to be noticed is, it excludes other costs such as stamp duty, legal, etc.

Its most important advantage is that it minimizes the taxes. It offers a tax-free pension in the form of income after retirement. It offers flexibility in terms of contributions, timing, allocating earning to certain members, and executing “reserves”. All these facilities help to reduce the amount of taxes.

You can also pay for your life insurance through this fund. It includes life insurance, Total and Permanent Disability (TPD) Insurance and income protection insurance.

If you wish to secure your future, kindly take advantage of this scheme by consulting the best professionals in your city. You can discuss the details by having a face to face meeting or visit their official website to get more information about the services.

(1) (Reply)

Mastercard Appoints Dozie As Director For Sub-saharan Africa / Take Surveys For Cash / 30% Discount For Your Business Website Today

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 7
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.