subject: SMSF Education in Australia [print this page] SMSF Education in Australia SMSF Education in Australia
With the Cooper and Henry review recently released, the Australian Government is looking to increase employer contributions to 12% and the Opposition looking at Henry's recommendations to change taxation of contributions. The only certainly in the Australian superannuation environment is that change will always be upon us.
Australian superannuation laws are considered to be some of the best in the world, and some of the most dynamic. For Trustees of self managed super funds, this means that it's imperative to be on top of your game not only for what the fund invests in, but also making sure it complies.
The Australian superannuation environment is dynamic and for SMSF's there is a particular challenge, as Trustees and Members are often the same person. It's really important to understand how both of these roles need to be addressed from a compliance perspective.
Undertaking an SMSF is a representation of people wanting to take pro-active control of their future, and in doing that it's important that compliance is fully understood, as getting it wrong can quickly undo a lot of good work in investment.
Superannuation represents a lifetime of saving. Whether you are, or are thinking about being, an SMSF trustee or member you've already realised the benefits of taking your financial future into your own hands.
Education is the key to success. This education is not just about understanding the markets that your fund will invest into though. Many people don't realise how well planned and prudent investment can become undone through compliance breaches.
Even less people realise that by working effectively within Australia's SMSF compliance legislation, significant advantages can be gained for you and your fund.
