Often the reason for Self-Managed Super Funds (SMSF) not having a Corporate Trustee is the cost of setting up a company. It is the company which becomes the legal entity that acts as the Trustee of the SMSF. Typically two members of the fund become the directors of the trustee company. The company may have just one director or more.
However when you consider the advantages and the life span of an SMSF (which can be many years and inter-generational in some cases), it would seem that the costs are fairly insignificant when weighed up again the advantages (particular on an ongoing basis). Continue reading Why your SMSF should consider a Corporate Trustee
Monthly Archives: December 2015
A Guide to Managed Funds
As discussed in our last blog Time to Invest in Your Future everyone is an investor to some degree, even if it is only in terms of which bank we decide to deposit our earnings with or the type of superannuation fund we have chosen to join.
Those wishing to be more active in their investing might do well to consider doing so via a managed fund.
Managed funds offer access to a wide range of investment opportunities and types (some of which are available only via managed funds) with the significant added benefit of having expert investment managers and financial advisers helping you make informed decisions about the options best suited to your financial objectives. Continue reading A Guide to Managed Funds