According to Big 4 accounting firm Deloitte, the Self-Managed Super Fund segment or SMSF are expected to reach $500 billion by June 2013. One of the main factors on this continuing growth is the increasing average super balances in the prime demographic
Online PR News – 04-April-2013 – Sydney, NSW, 04-Apr-13 – For individuals who want control of the funds they have saved over many years, a self-managed fund provides a secure way to either grow their investments or protect their capital in the years to come. As individuals grow their super balances or reach retirement age – Self managed Superannuation Funds has become an attractive option. While many industry funds have attempted to deter growth by offering access to direct investments, it has not made any impact to the SMSF industry. Robert Jackson from Deloitte has said that the trend has been for many individuals to assess their tax position and setup an SMSF in the June quarter.
The ATO have announced that in the 5 years to 30 June 2010, SMSF’s have been the fastest growing sector in Australian Super. In the 5 year period SMSF’S held the largest proportion of in the Superannuation sector at 46%. Greg Abbott, the chairman of the Australian SMSF Member’s Association has said the key drivers for individuals to establish an SMSF is the ability to choose what they invest their money in.
SuperHelp is a Sydney Based SMSF Administration and Accounting company specialising in Self-Managed Super funds. Having been featured in Money Magazine and Smart Investor as the one of the top SMSF Administrators in Australia, their dedicated team has been serving SMSF clients from all around Australia for over 10 years. Unlike many SMSF administrators, they impose no restrictions on your investments and their fees are extremely competitive.
For further information please visit their website at www.superhelp.com.au or contact them directly on 1300 736 453.