Key SMSF issues you should consider
Your fund should be set up and managed correctly to ensure the following strategies are available:
- Is your fund optimised for recent changes to transitioning to retirement?
- Does your current trust deed allow reserving strategies?
- Does your trust deed allow advanced pension strategies?
- Does your trust deed allow you to borrow to invest in property?
- Does your current trust deed allow estate planning strategies?
- Have you considered insurance or self insurance within your SMSF?
- Does your SMSF meet all its ongoing legal and compliance requirements?
SMSF advice is about strategy not just investment:
- Use SMSF borrowing for clients to access residential property
- Set up multi-generational reversionary pensions with primary, spouse and grandchildren pensions
- Binding Death Benefit Nominations may not work so a SMSF Will may be more appropriate.
- Develop life insurance strategies and now also trauma and salary continuance within your SMSF