Self Managed Super Funds & Property Depreciation (Part 1).
FOR MANY AUSTRALIANS, superannuation is one of the most important investments they have to help them save for the future.
Although most people may choose professionally managed super funds, an emerging trend has seen a growing number of people who elect to set up a Self Managed Super Fund (SMSF).
A few Facts
According to the Australian Taxation Office (ATO): In the four years leading up to the 30 June 2012, the SMSF sector grew by $109 billion or 33 per cent. In dollar terms, this represents the strongest growing super sector. The SMSF sector contributed the largest proportion of overall growth with 42 per cent of the total growth in super assets. [Read more…]