What you need to know to set up a self-managed super fund: A step-by-step guide
Setting up a self-managed super fund can be a great way to control your retirement savings and make your own investment decisions. If you are living in Stanhope and you are thinking about setting up a self-managed super fund, you are in the right place. You are investing in shares, property, and insurance. Having a proper self-managed super fund is beneficial for the future. This step-by-step will guide you on how to set up a self-managed super fund. What Is an SMSF? An SMSF is a superannuation fund that is managed by yourself. An SMSF gives you the power to make a decision about where your super money is invested. This includes choosing assets like property, shares, and insurance. Step 1: Decide If an SMSF Is Right for You Before setting up an SMSF, it's important to consider whether it's the right choice for your financial goals. You have full control over your investment decision. You can invest in assets like property, sha...