Considering a self-managed super fund (SMSF) at age 55? Well it’s not too late, as superannuation is a lifetime investment and even if you decide to draw down your superannuation as an income stream, it still requires management. It may be later in life when you do not wish to have the legal responsibilities of being a trustee, to put in the time and effort to run a SMSF and/or the balance has reduced to a point where it is no longer cost effective, that a SMSF is no longer appropriate. In this instance it can be rolled back to a complying public superannuation fund.

There are number of issues to consider when managing your superannuation which apply to SMSFs. To find out your legal responsibilities and what is involved with running a SMSF contact the Australian Taxation Office on 131020 and obtain a copy of the publication Running a self-managed super fund – Your role and responsibilities as a trustee.

Read on to learn more about SMSFs.

Older Australians are paying too much interest on property loans

Expert warns that retirees are paying far too much interest on SMSF property loans.

How SMSFs invested in 2020 - and what this means for 2021

Investment specialist Chris Brycki analyses what happened in the SMSF sector in 2020.

New research gauges costs of SMSFs

Rice Warner report reveals the magic number that makes SMSFs a competitive option.

Aussies overwhelmingly support this investment option. Here’s why

A significant proportion of older Aussies would invest in property with their super.

Millennials being blamed for global stock market volatility

‘Everybody is having a punt,' says investment expert.

Retirees could face financial ruin due to COVID-19 crisis

Government assistance is only good if people can access it.

Tax on retirees likely to repay coronavirus debt, say analysts

Super taxes, rather than a rise in GST, touted as the way forward post COVID-19.

ATO issues warning over illegal super scheme

Beware of offers to withdraw your superannuation early, and illegally.

ASIC issues warnings for those considering SMSFs

ASIC has warned Australians considering self-managed superannuation funds to be wary.

Are our retirement savings set up to best advantage?

What does Noel Whittaker think of Troy's retirement income set-up?

Is an SMSF right for you?

An expert guide to deciding whether an SMSF is right for you and the steps involved.

Considering an SMSF? Here’s what you need to know

What you need to know when considering setting up a self-managed super fund.

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