How’s your selfie looking? Robust? Are you working it hard enough? We’re seeing more younger Australian’s are taking their selfies – or Self-Managed Super Funds, and making them work harder.
Your selfie is more important to you than a twitter upload. Self-Managed Super Funds can be used to purchase investment properties. To get the ball rolling or more information on this process, please speak to a registered financial advisor. However, while you’re here, let’s discuss the trends of Self-Managed Super [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][or selfies]!
A recent blog on the finance website, “Super Benefit News” reported that 31-40 year olds have an increased interest in Self-Managed Super Funds [SMSF]. They report that this age group’s interest in Self-Managed Superannuation Funds increases as they start making long-term decisions about their futures.
Those aged over 50 still accounts for the greatest number of SMSFs. However, the demand from 31-40 year olds has grown strongly over the past three years, according to an annual survey from the SMSF Professionals Association of Australia and Russell Investments. “They are interested in the longer term and have a good understanding of the short-term issues versus the longer term opportunity,” the report says. SPAA chief executive Andrea Slattery says the 31 to 40-year-old age group has witnessed “year-on-year growth”.
“The main reason for the growth is that people are becoming more educated, more aware and more interested in making their own decision knowing it’s for the long term,” she says.
Why SMSF? There are a number of investment options out there. Our circle of friends includes many investors who use their Self-Managed Super to assist in purchasing their investment properties.
Some enjoy the tax concessions, others use property to maintain an appropriate level of diversification within their fund.
Property Friends is a specialist Property Investment Advocacy that has been operating for the last 13 years on the basis of 3 principles: Trust, Community & Progress. www.propertyfriends.com.au (03) 9758 5331[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]