In This Chapter
Joining the largest super group in Australia
Making your SMSF work for you
Understanding that a super fund is a structure with enticing tax incentives
Using your SMSF for your family’s retirement planning, and estate planning
Returning a tax bonus to your loved ones after you’re gone
I f you’re been reading through this book, you already know about the main advantages of superannuation, such as tax-free super for over-60s, concessional tax treatment of super fund earnings and the marvels of compound earnings.
Choosing a self-managed super fund (SMSF) — rather than opting for one of the larger super funds — probably means that one or more of the ten special features of DIY super, explained in this chapter, has grabbed your attention.
Without doubt, the rise of DIY super is the biggest story in super after the introduction of tax-free super for over-60s in 2007 (refer to Chapter 13 ...