Alison Greenwood offers her advice about self managed super funds, which lots of people consider during their 40s, often when a household has two full-time incomes.

Self Managed Super Funds, Alison Greenwood
Alison Greenwood is the Treasuring Mothers finance expert

This interview follows the chat Alison had about securing your family’s financial future. You can access that interview

Alison Greenwood
HOST: Jenny Baxter

Show Notes – Self Managed Super Funds

  • Lots of people consider switching to Self Managed Super Funds because they have heard they are a cool thing to do – but there needs to be a much better reason than that.
  • Alison warns that they can be a LOT of work.
  • You can buy direct property, and you can often use borrowings against that property. But the rules are getting tougher.
  • Other people want to start a business, and there are benefits, especially if you are looking at buying a business property.
  • Sometimes people ask to take advantage of direct shares and term deposits. They believe a Self Managed Super Fund is the only possibility. But wrap accounts are another way of accessing those benefits.
  • The main reason you might look at setting up a Self Managed Super Fund is if you are buying a business, or are looking at direct property.
  • But please remember! The buck stops with you! So you need to be aware of being up-to-date with all the rules and regulations.
  • Alison highly recommends having a good accountant, and getting advice from a financial advisor if you intend to go down this path.
  • Find out more about Self Managed Super Funds from the ATO website >>>

This podcast with Alison Greenwood is brought to you with the assistance of the Community Broadcasting Foundation. It was first broadcast on Hobart’s ultra106five.

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