Self Managed Super Funds (SMSFs) are the fastest growing segment in the superannuation industry and account for over 25% of Australia’s total superannuation pool.
Why? Because more and more Australians are taking control of their superannuation, choosing to work closely with a Financial Adviser for individual attention and advice.
Axess Accounting has introduced an innovative structure for people who want to take control of their superannuation future. By establishing a SMSF and working closely with your Financial Adviser, you can benefit from:
• Direct control of your superannuation
• Individual attention and advice
• Better investments choice and potential for performance
• Tax savings/tax minimisation strategies
• Cost savings

Direct Control

By running your own super fund, you benefit from flexibility and control. You can customise your savings and investment strategy to suit your individual circumstances and enjoy access to a greater variety of investments.

Tax Savings

Superannuation provides significant taxation advantages and is an attractive structure to hold investments in.
Tax on income received from investments in your SMSF is a maximum of 15%, and capital gains tax is a maximum of 10% for assets held greater than 12 months.
From July 1 2007, where a fund is paying a pension there is NO TAX PAYABLE on the pension account. That is $0 tax on investment income and $0 tax on capital gains for a pension account.

In fact, where a pension account has invested in direct shares, it is possible to receive a refund cheque from the ATO each year through the refund of franking credits! With tax savings of up to 47% (including the Medicare levy of 2 %) on the highest marginal tax rate, it’s no wonder more and more people are utilising a Self Managed Super Fund to invest their longer term savings.

Axess Accounting can help you with your own Self Managed Superannuation Fund, providing full accounting or audit services. This allows you to take control and can provide wider investment alternatives and advanced taxation planning.

Important Note: The above is intended as general information only and does not take into account the individual readers’ financial circumstances, needs or objectives. You should consult an adviser before taking any action based on this information