Time to take control and establish a Self Managed Super Fund? (SMSF) Oak Lending can help you branch out. More Australians are establishing a SMSF as a legal structure to prepare for retirement.
The fund can have one to four members, generally with a Corporate Trustee being established. The primary differences between a SMSF and other funds is that you are a trustee when you set up a SMSF. You run the SMSF for your benefit and must also ensure you comply with laws relating to tax and super.
Increasingly, SMSF’s are being used as a vehicle for the purchase of properties. It is critical that your investment strategy is set up to support the growth of your portfolio and remain compliant with tax laws. Oak Lending has access to industry professionals to assist you in establishing your own SMSF.