MLC launches SMSF strategy paper
With self-managed super funds (SMSFs) continuing to grow their market share within Australia’s superannuation industry, MLC’s technical services team has produced a paper aimed at arming both existing and potential SMSF trustees with a number of simple but powerful strategies to maximise their funds’ overall returns.
Entitled Smart Strategies for running your own super fund, the document explains why do-it-yourself super may be attractive for those still contemplating such a move – but also cautions against taking on the responsibilities of a trustee lightly.
Alternatively, for those trustees who have already embarked on the SMSF journey, the lessons to be learned range from personalising investment strategies to maximising estate planning flexibility. The document even points out the tax concessions to be had in and around the purchase of critical illness and death and disability insurance.
Written in plain English, MLC’s paper should prove a useful starting point for new trustees and a reminder of SMSF basics for those more experienced hands.
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