SMSF Virtually For Retirement Income
Quite a few individuals do not realize how strict and confining the rules of a self managed superannuation fund really are. They sometimes think for example, that as soon as they have set up a super fund, that the monies can then be played with for other things. The simple truth of the matter is however, that in the strictest sense of the word, your smsf is for your retirement. Period. Yes, in a few rare exceptions you can utilize the monies for some investment strategies, but for the most part, the super fund is there for you so that when you retire, you will have an income to live on!
