Australians are fortunate enough to have one of the highest life expectancies in the world, but some will live longer than others. In recent pioneering research from Accurium findings provided analysis of over 65,000 Self-Managed Super Funds and showed how health and lifestyle factors contribute to longer life expectancy for SMSF trustees.
According to their research, the life expectancy of a a 65-year-old female SMSF trustee is 91.8 years, 2.7 years longer than the Australian average; while a male trustee is likely to live to 90.2 years, 3.5 years more than the average. *
SMSFs are one of the fastest growing types of superannuation funds in Australia. SMSFs can offer flexibility, enabling you to invest in many different assets which may not necessarily be available through other super funds, such as direct shares, specialised managed funds and property. They are different from other types of super funds as the members of a SMSF are usually the trustees (or the directors of a corporate trustee). This means the members of the SMSF have the ability to run the SMSF solely for their own benefit.
Phillips Family Office can assist in the formulation of a SMSF plan specifically designed for your financial needs and goals. Our experienced team will guide you through the process and assist to set up the SMSF correctly.
* Data supplied by Accurium