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Take control of your retirement with a Self Managed Super Fund (SMSF).
We provide expert guidance to help you manage your investments, maximise tax benefits, and secure your financial future with confidence.
One of the biggest advantages of an SMSF is the ability to tailor investment strategies to suit your financial goals. You can invest in a diversified portfolio, including property and alternative assets that traditional super funds may not offer. This flexibility allows for greater control over wealth creation and retirement planning. Additionally, SMSFs provide tax benefits, such as concessional tax rates on investment earnings and potential strategies to reduce capital gains tax.
Another key benefit is estate planning. SMSFs allow for more control over how superannuation assets are distributed upon a member’s passing. Unlike traditional super funds, which may limit beneficiaries, an SMSF enables you to nominate specific dependents or structures, ensuring your wealth is passed on according to your wishes. This makes SMSFs an appealing option for those looking to safeguard their financial legacy.
A Self-Managed Super Fund (SMSF) is a private superannuation fund that allows you to manage your own retirement savings. Unlike retail or industry super funds, an SMSF gives you full control over investment decisions, enabling you to choose from a wider range of assets such as shares, property, and managed funds. This flexibility makes SMSFs an attractive option for those who want a more hands-on approach to growing their retirement savings.
However, with this control comes responsibility. SMSF trustees must comply with strict regulations set by the Australian Taxation Office (ATO). This includes ensuring the fund operates solely for retirement benefits, managing contributions and withdrawals correctly, and maintaining accurate financial records. Failure to meet compliance requirements can result in penalties, so professional guidance is recommended.
While an SMSF offers significant benefits, it is not suitable for everyone. Managing an SMSF requires time, financial knowledge, and a willingness to stay on top of regulations. Trustees must handle investment decisions, tax reporting, and ongoing compliance, which can be complex and time-consuming. For this reason, SMSFs are generally recommended for individuals with a super balance of at least $200,000 to justify the costs involved.
If you are considering an SMSF, it’s essential to assess your financial situation, investment experience, and long-term retirement goals. Seeking advice from a financial adviser can help determine whether an SMSF aligns with your objectives and provide guidance on structuring the fund for optimal performance.
Mortgage brokers (like me) act on your behalf working with lenders to help you find a loan
that is well suited to your situation. This means I do all the legwork for you! We’re also legally
required to work in your best interests (whereas banks and lenders aren’t!). Get in touch and
we’d be happy to answer any questions.
In almost all scenarios you are not required to pay a fee for our services. Instead, we’re paid a
commission by the lender you choose. If you have any questions give us a call and we’d be
happy to help.
We have access to over 60 banks and lenders, giving you access to competitive rates, choice
and power when embarking on your mortgage process.
Whatever is preferred by you! We can do it over zoom, the phone, face to face, whatever
you’re most comfortable with.
As a broker, I have access to over 60 lenders so I can offer you choice and a well informed
recommendation. Unlike the banks, I’m also legally required to work in your best interests
and in almost all scenarios you are not required to pay a fee for our services. Instead, we’re
paid a commission by the lender you choose. Get in touch for more information about how
we can help you.
Get a broker on your side early to help navigate you through the process. We’ll start by
understanding your current situation and your future goals. We’ll then research and refine
your options. Once you’re ready we’ll lodge the application for you!
Each lender has slightly different criteria, so the amount you can borrow will differ. To kick
things off I’ll need you to provide some information about your current situation. Then it’s
over to me to do the research and compare your options from over 60 lenders. Get in touch
so I can help you understand how much you can borrow, or go to our calculators page to get
an estimate! https://betterfinancialtomorrow.com.au/how-much-can-i-borrow/
We sure do. Whether you are buying a car, need to fund a holiday, to buy some furniture, pay
for a uni course or even get married, we can help get you sorted.
Stamp duty is a state government tax on your property and how much you have to pay
depends on which state you live in and the price of your property. Use our stamp duty
calculator https://betterfinancialtomorrow.com.au/stamp-duty-calculator/ to get an
estimate and get in touch if you have any questions.
Typically lenders ask for 20% of the total house price before they’ll consider giving you a loan
but there are a number of ways around this, like government grants and guarantors, which
means you could buy with as little as a 5% deposit. Get in touch and we can work out what
your options are and a plan to get you on the property ladder.
Unfortunately, the answer to this one is ‘Depends’! It differs from lender to lender and can
vary quite a bit (depending on their criteria, income, the type of property etc), so it’s really
worth shopping around. How much you can borrow also depends on the size of your deposit
and can change if you have an existing equity in a property. Get in touch and we can start
working it out for you!
Right from the beginning, Clyde at Better Financial Tomorrow has been a great help, his advice & professionalism is 2nd to none. We would highly recommend Clyde without hesitation. Do... Read more
Phil CroweClyde at Better Financial Tomorrow is both friendly and extremely knowledgable on so many aspects of finance. He has arranged mortgages for us and helped us purchase our first investment... Read more
Ian HayesWe are almost at the end of finalising our first home purchase. Up until this point, all I can say is Clyde has been there every step of the way.... Read more
Kaylie JaneClyde is professional and responsive and good value. He is a good broker and adviser.
Yellow Brick Road GladesvilleClyde has been very professional and effective in assisting my husband and myself with our financing
Jacki