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Post by Wayne Shultz on May 22, 2024 10:26:03 GMT
Self-Managed Superannuation Funds (SMSFs) play a crucial role in providing individuals with greater control and flexibility over their retirement savings. Unlike traditional superannuation funds, SMSFs allow members to tailor their investment strategies, directly manage assets, and make more personalized financial decisions. This control can lead to more effective tax management, potentially higher returns, and investments that align closely with personal financial goals and risk tolerance. However, managing an SMSF also entails significant responsibilities, including compliance with regulations and ongoing administrative duties, making it essential for members to have or seek professional financial and legal advice to ensure successful management. SMSF Sydney
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