Self Managed Super Funds possess compelling tax advantages over other traditional structures. With a 15% tax rate on income (during accumulation phase) and a mere 10% (maximum) tax on capital gains, Self Managed Super Funds are definitely an idea worth looking into.
In addition to taxation benefits, SMSF also exhibit a plethora of other benefits, these include:
- The capability to incorporate all family members into the one super fund
- Total control (if desired) regarding investments, estate planning and tax strategization
- Greater investment choices compared with traditional superannuation funds
- The ability to pay an income stream directly from the SMSF
