An important decision for anyone wishing to start a self-managed super fund is the trustee arrangement.
. Some friends have told me I should establish the fund as a Pty Ltd company. What are the advantages and costs of doing so? Martin
As far as recommending whether a fund should have a corporate trustee, Colley says his organisation’s preference from an administration point of view is to make it easy from the start by doing so.With a corporate trustee you don’t have to change the ownership of the investments every time a new director is appointed.
When thinking about establishing a SMSF, choosing the right trustee arrangement is an important decision, says Colley. Can making this choice, or nominating any other different beneficiaries, affect the tax liability of an SMSF with significant unrealised capital gains? George.
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