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SUPDIY023 Why are SMSFs so popular? (466 words)
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SUPDIY023.doc
Description
The benefits of self-managed super funds are evident by their continued growth. This more detailed article explains why and the benefits of self-managing super.
Introduction
A popular choice for managing superannuation is to take personal control via a self-managed superannuation fund (SMSF).
Although membership is limited to a maximum of four people per fund, the Australian Tax Office (ATO) reports there are over ....... million SMSFs, representing more than ... million members. It estimates the value of assets held within SMSFs is more than $.... billion!
So, what’s the attraction? Below are some key advantages of managing your own super:
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