Etax Hurstville

WHY SMSF In some large super funds, trustees are unable to take into account the personal circumstances of their members, meaning they can’t always buy and sell assets at a time that suits everyone. Other funds provide greater investment flexibility but can force investors to incur capital gains when moving from the accumulation phase to retirement, while unitised funds indirectly deduct an allowance for capital gains tax on a daily basis within their unit prices. With an SMSF, you’re in complete control and can time buy and sell decisions to suit your personal retirement plans. However, it is important to understand the responsibilities associated with running an SMSF and to maintain a compliant fund in order to avoid tax penalties.