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Self-managed super fund
Hi everyone,
A while ago, we heard about Alex and the peoples lore of terra australis. In one of their videos, they talked about setting up a private trust for your superannuation. The idea is to hold your own superannuation funds in a private trust account instead of a retail super fund.
So far, I couldn’t find any information on the peoples lore of terra australis website or telegram group on how to set it up. After that, I went ahead and searched myself, and all I could find was information regarding self-managed super funds. They are registered and need to comply with the ATO. From what I gathered, it seems pretty hard to move out your money from your retail super fund.
We would like to have more control over our super funds, especially regarding investments. My idea is to open a self-managed super fund trust, but sign all documents like trust deed, bank contract, etc., with ARR signature. Also, I thought since one has to lodge an annual return with the ATO, to fill out the form like shown from ‘Module-2-Legally-Legitimately-Minimise-Tax-Personal-AndOr-Business-Tax’.
I thought I would share my idea with the SE forum and see if any other members have tried something similar, have insights to share, or feedback.
Cheers, Melissa
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This discussion was modified 1 year, 3 months ago by
Melissa Bockelmann.
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This discussion was modified 1 year, 3 months ago by
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6 Replies
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Hi Melissa,
Mark addresses this in the video https://solutionsempowerment.org/webinar-legally-legitimately-minimise-tax-personal-and-or-business-tax/ at time stamp 1:16.8 where super is a legal entity so treat it like a company with expenses & income which is taxable to be able to do the same thing. It has to be tested & there has been success with companies.
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This reply was modified 10 months ago by jenny-c.
solutionsempowerment.org
Webinar: Legally & Legitimately Minimise Tax (Personal And/Or Business Tax) – SolutionsEmpowerment.org
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Thank you!
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This reply was modified 10 months ago by
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Is their a way to draw out your super with out havung to pay tax on it and before your 60 or 65 pls I can’t afford the webinar atm but will get it soon. Thanks
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Hi,
from my research it seems very difficult to withdraw your super before the retirement age. That’s why I would like to have an SMSF which gives me more control. It’s regulated by the ATO but I can use the super to invest in property, gold, silver etc and hopefully get more out of it in the long run.
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thank you
