What is the Self-Managed Superannuation Funds industry?
The Self-Managed Superannuation Funds Industry is in the growth stage of its economic life cycle. This is demonstrated not only by the growth in total assets, enterprise and member numbers, but also by the growing size of SMSFs relative to other super funds within the Superannuation Funds industry. Growth within SMSFs is attributed to increasing voluntary and compulsory contributions, and proportionally large amounts of inward transfers. Regulatory changes and tax concessions have allowed individuals to take advantage of asset classes not readily available in traditional superannuation funds and provided more incentive to set up SMSFs... purchase to read more