Self Managed Superannuation Fund – For tension free life Financial management is a part of life either we speak about homely matter or in business. Though the types of managing the finance is different but the fact is that everyone need to manage the financial matter and maintain a proper accounting system to keep a track over things. Chartered Accountant If you are an entrepreneur or a corporation, you really need a chartered account to manage all your financial matters. People usually believe that they need a CA once in a year and that too at the time of paying tax but the fact is that, one should hire a chartered accountant right from the time when you are establishing your business. A Chartered accountant is a person who can provide you right advice and proper guidance regarding buying and selling of business, expansion plan, taxation, tax saving and other finance related matter.
What is Self Managed Superannuation Fund? Self managed superannuation fund also known as ‘do it yourself superfund’. It is a retirement fund that provides you a benefit to manage your finance invested in fund by yourself for your post retirement period. Australian Taxation office, which is an executive Government regulatory agency and is responsible for supervising and enforcing the laws of self managed super fund. If you have knowledge about investment and method of operating funds then it is a wise decision to invest in a self managed superannuation fund. Such investment can provide you high return on investment over a long period of time. But it is advisable to learn and understand the superannuation laws before making any investment into it. It will help you get the clear picture of the entire thing related to fund and its management. The SMSF is a very comfortable fund in terms of transferability. You can continually funding into it even when you switch you job and could be transferred to next generation in the death case. In emergency circumstance you can even withdraw money. There are numerous retirement planning schemes under SMSF laws with which you can take advantage to grow your fund and enjoy happy and relaxed time after your retirement.