FAQs
Superannuation fund
A self managed superannuation fund can easily be established for your small business and your current superannuation transferred across to the self managed fund. However, maintaining a superannuation fund can be a costly and time consuming process in terms of meeting all regulatory requirements.
Advantages
- Ability to directly choose where your superannuation is invested.
- Pooling the superannuation of family members can allow for greater returns as more funds are invested.
Disadvantages
- Costly to establish and maintain, especially if total assets invested are only relatively small, in dollar terms.
- Time required to monitor investments can often be better spent in focussing on your small business