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Super fund
Hi, i am not sure if this is the group to discuss this… my son and i are looking up a super fund to supply his employee with for a job he is starting. We have been looking into SMSF, as you can put your dollars into metals and other things, if you choose. Looking at the structure of it, it resembles a trust account. Does anyone have experience to know if it is possible to use a non registered trust instead of a super fund? I am pretty ignorant in all this, sorry if it is a dumb question!
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2 Replies
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The best place to ask this question is at the next Q and A on the 21st June. You can RSVP here. https://solutionsempowerment.org/event/general-qa-june-21/
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this doesn’t answer you question but, super was one of the questions raised in our house hold,
i’ll share our thoughts …
when i become a contractor and all the earnings go into the trust, i will lose employer contributions to super(kiwi saver)
however , the tax take is higher than the combined super contributions, so were going to treat the tax (not paid) amount as investment money, our super . As far as were awear at this time, there are plenty of schemes out there that will be happy to take our money.
example: tax is $1400 p/w kiwi saver $ 200 p/w
investing $1400 gets you where you want to go quicker than $200.
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This reply was modified 2 years ago by Kari.
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This reply was modified 2 years ago by