SUPERCentral Pty Ltd. The company's legal needs in superannuation, estate planning and financial services are exclusively provided by TOWNSENDS BUSINESS & CORPORATE LAWYERS. The leading edge SUPERCentral system was granted an Australian patent in 2008 and is monitored and protected.
SUPERCentral is Australia's leading online SMSF Deed Update Service specifically designed to assist Accountants, Financial Advisers and SMSF Administrators save time and money.
Back Issue Newsletters
Media
- Managing business succession - Professional Planner by Tony Negline
- Ethical super rules against sole purpose test - Investor Daily
- Bare trusts should use corporate trustees - Investor Daily
- Loans the lifeblood of self-managed funds - The Australian by Tony Negline
- Smart gearing will help cover your assets - The Australian by Tony Negline
- Clients forgiving towards advisers over losses - Money Management by Peter Townsend
- SMSFs vs. POFs - Super Living by Peter Townsend
- The Super Game - The Australian
- Retirees precious capital - Sydney Morning Herald
- Super pension in a financial downturn - SMSF by Michael Hallinan
Jeremy Coopers SMSF Views
11/03/2010
At the recent SPAA conference (the premier conference for SMSF advisers) the Super System Review Chairman, Jeremy Cooper provided a short and effective summary of what is good about SMSFs.
The summary is (to quote)
- SMSFs can pursue asset allocations that would be difficult to implement in an APRA regulated fund. Our Comment: You have more control over investment decisions.
- SMSFs can have longer-term investment horizons (ie not chasing short-term performance driven by league tables and “peer risk”). Our Comment: You have more control over investment decisions.
- SMSF can be run in a tax-efficient manner, particularly in transition to retirement and in managing assets supporting a pension. Our Comment – You have more control over when assets are to be sold and capital gains or losses incurred.
- There is better alignment of interests in a SMSF – members can make well informed decisions in their own interests with minimal agency costs. Our Comment: You are running the show and not someone else who has their own interests to consider and look after.
- Members are able to bargain directly for reduced prices for the various services they need (eg accounting, administration and broking). Our Comment: You have more control because you can decide which service providers to use.