Luke on 2CC – Benefits of a Self Managed Super Fund – Part 3

What are the benefits of a self managed super fund?

Luke Smith joined 2CC Talking Canberra 1206AM.
The Money Show aired on Friday 27 March 2020 and the topic: Benefits of a self managed super fund. They begin the discussion though about the ongoing Covid-19 crisis and the financial impact it’s having on many Australian families right now.

Super access and Covid-19 discussion

In this episode Financial Planner Luke Smith joins Leon from 2CC via telephone given the ongoing social distancing requirements that have come into play. They started the conversation about accessing $10,000 this financial year and $10,000 next financial year – an initiative implemented by the Federal Government. But what are the implications? Super is a long term savings vehicle regardless of which type of super fund you use. Luke suggests looking at other options before this one.

The topic for this episode – Self Managed Super Funds – Part 3

In today’s topic we continue the to take a closer look at self managed superannuation funds. In part 1, we looked at how to set up a SMSF. In part 2, we looked at what’s involved in running a SMSF. In part 3, we look at the benefits of a self managed super fund. The key benefit is flexibility.

Key highlights include:

• Greater control over the investments within your fund, compared to other super fund vehicle options
• Price and cost issues, it might be cheaper depending on what your individual circumstances are compared to other funds
• You also control your risk profile and asset allocation
• As a result you also have greater control over how the income is generated, including franking credits and tax issues
• Luke’s top 3 benefits of a self managed superannuation funds
• Strategy considerations of SMSF in the current environment
• You should consider your own situation and needs before choosing a self managed superannuation option. Financial planning advice can assist you make informed decisions.

Listen to the Podcast right now

https://www.envisionfinancial.com.au/wp-content/uploads/2020/03/27.03.2020-The-Strategy-Stacker-Luke-Talks-Money.mp3

Would you like to discuss if the benefits of a self managed super fund are right for you?

Make an appointment to catch up with Luke over the phone or via video conference. Appointments at the office will return once the Covid-19 has passed.

Envision 2CC offer: Your first appointment is at our cost – even over the phone or by video chat. Make an appointment to confidentially discuss your super and financial plans. Call Envision Financial Services on 6260 4749. You can also use our contact us form to make an appointment for a confidential discussion about your situation.

Luke will return to talk about financial planning on 2CC Talking Canberra next Friday from 4.30pm. Tune into listen live or visit our website again to catch up on the podcast. You can also check out our YouTube Channel at Envision Financial Canberra.