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Post by Wayne Shultz on Feb 12, 2024 20:51:57 GMT -5
An SMSF or Self-Managed Super Fund, is your own private retirement savings account in Australia, offering greater control over your investments but also significant responsibility. With up to 6 members, you act as the trustee, choosing investments, insurance, and managing compliance. While attractive for its flexibility and potential tax benefits, remember the workload, regulations, and risks involved. Ensure you have the time, knowledge, and commitment before diving in, as mistakes can be costly. Consider professional advice to weigh the pros and cons and ensure it aligns with your retirement goals. smsf Gold Coast
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