Super funds are no longer viewed as an investment vehicle for individuals either in or approaching retirement. New research shows that younger generations are now looking to establish Self Managed Super Funds. According to Russell Investments and SMSF Professionals Association of Australia, about 14% of Generation X (31-45 years) and 10 per cent of Generation Y are looking to establish a Self Managed Super Fund in the next two years, compared to 10.5% of Baby Boomers.
The next decade in the superannuation segment will be Gen X’s as they build for their retirement. Australia is experiencing a massive demographic shift as the baby boomer generation moves into retirement, and Gen X investors wanting more control of their super and lower fees.
To ensure that your SMSF is structured and administered correctly please contact Peter Quinn by submitting an online enquiry or calling us on +61 2 9580 9166 to book an obligation free appointment.
The information in this document does not take into account your personal objectives, financial situation or needs and so you should consider its appropriateness having regard to these factors before acting on it. It is important that your personal circumstances are taken into account before making any financial decision and it is recommended that you seek assistance from your financial adviser.