SMSF DIY guide : everything you need to successfully set up and run your own self managed superannuation fund / Sam Henderson.

Format:

Book

Author/Creator:

Henderson, Sam.

Language:

English

Subjects (All):

Pension trusts--Australia--Management.

Pension trusts.

Retirement income--Australia.

Retirement income.

Finance, Personal--Australia.

Finance, Personal.

Physical Description:

1 online resource (250 p.)

Edition:

1st edition

Other Title:

Self managed superannuation fund, do it yourself guide

Place of Publication:

Milton, Qld. : Wrightbooks, 2012.

Language Note:

English

System Details:

text file

Summary:

Straightforward and easy-to-understand guide to the basics of self managed super funds The SMSF DIY Guide is an authoritative, up-to-date and accessible guide to the pros and cons of running a self managed super fund. In plain English, financial advisor, Sam Henderson tells you what you need to know to set up and run a SMSF and ensure that all members fully meet their legal obligations, while outlining proven investment strategies, including those for shares, property, gearing and fixed interest. Filled with practical, how-to information, supplemented with real life

Contents:

SMSF DIY Guide: Everything you need to successfully set up and run your own self managed superannuation fund; Contents; Preface; About the Author; Acknowledgements; Chapter 1: Superannuation basics; What superannuation is-and is not; Why you need superannuation; Yes, superannuation can be confusing; Contributions-getting money into superannuation; How to get money out of super; Key points; Chapter 2: Is a self managed super fund right for you?; What is a self managed super fund?; Why is the number of SMSFs growing so rapidly?; How an SMSF can save you money

Advantages and disadvantages of an SMSFHow much money do you need to set up an SMSF?; Other types of superannuation funds; Super choice: moving from one fund to another; Key points; Chapter 3: Setting up a self managed super fund; How easy is it to set up and run an SMSF?; What will I call the fund?; What is a trust deed?; What is a trustee?; Types of structure for an SMSF; Who can be a member and a trustee?; How many members will the fund have?; What are binding nominations of beneficiaries?; Opening a bank account; How to roll your funds over into your new SMSF; Key points

Chapter 4: Running a compliant fundWhat will happen when you get it wrong; Following the rules; Arm's length transactions; What you need to do next; Investment strategy; Record keeping and minutes; Accounting; Where to get help; Key points; Chapter 5: Types of investment; Income and growth; Cash; Fixed interest; Shares; Property; Derivatives; Key points; Chapter 6: Portfolio management and asset allocation; Your risk profile; Risk management; Key points; Chapter 7: Borrowing in super to buy shares or property; How borrowing works in super; Self-funding instalment warrants to purchase shares

Using instalment warrants to purchase propertyConditions of borrowing money in your SMSF; Buying property in your SMSF versus in your own name; What type of property can a self managed superannuation fund own?; Key points; Chapter 8: Risk management and insurance in your fund; What personal insurance is available?; Key points; Chapter 9: Pre-retirement planning and dealing with redundancy; The importance of pre-retirement planning; What is retirement?; When to retire; Holidays and long service leave-take it or leave it; Planning for retirement and major expenses

How much will I need to retire?Structuring your investments for retirement; Tips to boost your super before retirement; Redundancy; Transition to retirement income stream; Key points; Chapter 10: Retirement and how to eliminate tax forever; Can I go back to work after I retire?; Can I contribute to super if I retire?; Types of retirement benefits; Account-based pensions; Re-contribution strategy; What if one partner has a pension and the other is in accumulation mode?; How to set up your account-based pension; What happens to my transition to retirement income stream (TRIS) at retirement?

The Age Pension

Notes:

Includes index.

ISBN:

9781299189584

129918958X

9780730377245

0730377245

OCLC:

784884251