Self Employed Superannuation; used properly can be a very tax effective investment plan, for your retirement. Throughout your working career you will probably change jobs and when this happens you can rollover your employer superannuation into your own personal superannuation fund.
Setting up your own personal superannuation gives you the one investment vehicle to manage your super until you retire. Each time you leave your employer your employer super can be rolled over into your own personal superannuation fund. Doing it this way you will only ever have two superannuation funds one with your current employer and your own Personal Superannuation fund.
Flexibility of your Superannuation; When you have your own personal superannuation account with the right type of administration platform you will have ultimate flexibility and control of your money.
- The platform should have the ability to have daily unit pricing and valuation
- Produce a report on your superannuation performance over any date range
- Provide unrealised Capital Gains tax report
- Internet access with an up to date valuation on all investments in your portfolio
- Able to choose different Fund Managers
- Research Information about the different Fund managers in your portfolio
- Choice of Alternative Investments types
- Limited Choice of shares on the Australian stock market
- Transparent fees charged to your account
- Simple and cheap procedure to change Fund Managers or share holdings
Has your current superannaution account got all of these features ?
You might think, with all these services you would pay a fortune in fees. Well one of the great things about technology in the 21st century is that these services can be secured for a lot less than what most accounts are costing. Currently in Australia, the reason for this is that modern admisitrative platforms built with current technology can charge less and provide better service.