Hi all))
In the last few month I started to think about SMSF. Having read a couple of books on subj as well as the Internet sources I found self managed super fund idea scary interesting.
Scary part:
- complicated legacy and taxation;
- complicated documents system;
- in case of mistake rather heavy penalties
Interesting part:
- we will be in control of family money;
- can buy smth unusual still profitable;
- quick response to markets and more flexibility...
I know many people do it. What I dont know how time consuning it can be...
OK, OK, I have all the newbie doubts and cant formulate them properly.
When did you guys (if anyone) start your own SMSF? Was it easy for you?
Sorry if my post is a bit confusing
In the last few month I started to think about SMSF. Having read a couple of books on subj as well as the Internet sources I found self managed super fund idea scary interesting.
Scary part:
- complicated legacy and taxation;
- complicated documents system;
- in case of mistake rather heavy penalties
Interesting part:
- we will be in control of family money;
- can buy smth unusual still profitable;
- quick response to markets and more flexibility...
I know many people do it. What I dont know how time consuning it can be...
OK, OK, I have all the newbie doubts and cant formulate them properly.
When did you guys (if anyone) start your own SMSF? Was it easy for you?
Sorry if my post is a bit confusing