Ten Special Features of DIY Super
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.
Becoming a Member of a Fast-Growing Club
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 ...